Regions Financial Corporation (RF) : Traders are bullish on Regions Financial Corporation (RF) as it has outperformed the S&P 500 by a wide margin of 8.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.96%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.4% in the last 1 week, and is up 11.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Regions Financial Corporation (NYSE:RF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.22 and $9.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.39, notching a gain of 3.87% for the day. The total traded volume was 16,707,649 . The stock had closed at $9.04 on the previous day.
The stock has recorded a 20-day Moving Average of 4.69% and the 50-Day Moving Average is 3.53%. Regions Financial Corporation is up 4.1% in the last 3-month period. Year-to-Date the stock performance stands at -0.8%.
Regions Financial Corporation (RF) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $9. The average forecast of all the analysts is $9.83 and the expected standard deviation is $0.7.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans and small business loans, among others. The Wealth Management segment offers individuals, businesses, Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.