Regions Financial Corporation (RF): Today's Featured Banking Laggard
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Regions Financial Corporation fell $0.25 (-2.5%) to $9.88 on heavy volume. Throughout the day, 25,056,373 shares of Regions Financial Corporation exchanged hands as compared to its average daily volume of 16,142,700 shares. The stock ranged in price between $9.72-$10.29 after having opened the day at $10.28 as compared to the previous trading day's close of $10.13. Other companies within the Banking industry that declined today were:
(
), down 25.7%,
(
), down 15.6%,
Credit Suisse
(
UOIL
), down 6.9% and
(
), down 5.6%.
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial Corporation has a market cap of $14.4 billion and is part of the financial sector. Shares are up 42.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Regions Financial Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Regions Financial Corporation
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Regions Financial Corporation Ratings Report.
On the positive front,
(
), up 16.0%,
Royal Bancshares of Pennsylvania
(
), up 14.3%,
(
), up 7.2% and
(
), up 6.9% , were all gainers within the banking industry with
(
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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