Morgan Stanley Remains a Buy on Regions Financial (RF)

In a report released yesterday, Betsy Graseck from Morgan Stanley maintained a Buy rating on Regions Financial (RF – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $19.18.

According to TipRanks, Graseck is a 4-star analyst with an average return of 3.1% and a 47.22% success rate. Graseck covers the Financial sector, focusing on stocks such as Northern, Bank of New York Mellon Corporation, and State Street.

In addition to Morgan Stanley, Regions Financial also received a Buy from D.A. Davidson’s Peter Winter in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Regions Financial (NYSE: RF).

Based on Regions Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a net profit of $391 million. In comparison, last year the company earned a revenue of $2.03 billion and had a net profit of $685 million

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Regions Financial (RF) Company Description:

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.