Wells Fargo analyst Mike Mayo raised the firm’s price target on Regions Financial to $22 from $18 and keeps an Equal Weight rating on the shares. The firm said in a research note on Friday that Regions Financial had a fairly decent Q2 with higher revenue and solid credit, partially offset by higher expenses. Wells increased estimates and target with higher net interest income going into Q1 2025 and estimates accelerating buybacks given no incremental CET1 build and sluggish loan growth.
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