In a report released today, Betsy Graseck from Morgan Stanley maintained a Buy rating on Regions Financial (RF – Research Report), with a price target of $30.00. The company’s shares opened today at $22.83.
According to TipRanks, Graseck is a 4-star analyst with an average return of 4.3% and a 49.13% success rate. Graseck covers the Financial sector, focusing on stocks such as PNC Financial, Bank of New York Mellon Corporation, and Huntington Bancshares.
In addition to Morgan Stanley, Regions Financial also received a Buy from Truist Financial’s Jennifer Demba in a report issued today. However, on January 10, UBS downgraded Regions Financial (NYSE: RF) to a Hold.
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RF market cap is currently $21.2B and has a P/E ratio of 9.97.
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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. The company operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment represents the company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment holds the company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to help protect grow and transfer wealth. Regions Financial was founded in 1971 and is headquartered in Birmingham, AL.
Read More on RF:
- Regions Financial sees FY23 adjusted non-interest expense up 4.5%-5.5%
- Regions Financial sees FY23 adjusted revenue up 8%-10% y/y, consensus $7.76B
- Regions Financial reports Q4 EPS 70c, consensus 65c
- Notable companies reporting before tomorrow’s open
- Regions Financial downgraded to Neutral from Buy at UBS