Regions Financial Stock Hits New 52-Week High (RF)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Regions Financial Corporation (NYSE: RF) hit a new 52-week high Wednesday as it is currently trading at $9.28, above its previous 52-week high of $9.23 with 2.6 million shares traded as of 10:10 a.m. ET. Average volume has been 14.7 million shares over the past 30 days.

Regions Financial has a market cap of $12.93 billion and is part of the financial sector and banking industry. Shares are up 28.5% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Regions Financial as a buy. 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Regions Financial Ratings Report.

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