Citi: Maintain Regions Finl (RF.US) rating, adjust from buy to buy, and adjust the target price from US$25.00 to US$26.00.
Regions Financial Corp. (RF.US) Company Profile: Regions Financial Corp. is a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the areas of investment banking, asset management, trusts, mutual funds, securities brokerage, insurance and other financing. The company operates through the following divisions: Corporate Banking, Consumer Banking, Wealth Management and Other. The Corporate Banking Division represents commercial banking functions, including commercial and industrial, commercial real estate and investor real estate loans. The Consumer Banking Division has a 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 Division provides individuals, businesses, government agencies and non-profit entities with a range of solutions to help protect, grow and transfer wealth. The Other Division includes the company’s treasury functions, securities portfolios, wholesale financing activities, interest rate risk management activities and other corporate functions not related to strategic business units. The company was founded in 1971 and is headquartered in Birmingham, Alabama, USA.
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