RBC Capital analyst Gerard Cassidy maintained a Buy rating on Regions Financial (RF – Research Report) on September 14 and set a price target of $26.00. The company’s shares closed yesterday at $21.93.
Cassidy covers the Financial sector, focusing on stocks such as Morgan Stanley, US Bancorp, and Bank of America. According to TipRanks, Cassidy has an average return of 21.4% and a 67.08% success rate on recommended stocks.
Regions Financial has an analyst consensus of Strong Buy, with a price target consensus of $24.15.
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Based on Regions Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.75 billion and a net profit of $583 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $790 million
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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.