Regions Financial Corporation (NYSE:RF) suggests to swell its Commercial realty practices


Dallas, Texas 08/08/2013 (Financialstrend) Regions Financial Corporation (NYSE:RF) has suggested to swell its Commercial realty practices in the state of Texas. As part of this suggestion, the company took on experienced financiers comprising Richard Gross, Buddy Billingsley and Wendel Pardue. Buddy will be accountable for biz development in, Austin, San Antonio as well as nearby zones. Richard and Wendel will be responsible for consumers and strategies in the Dallas. Pardue will take care of the state’s commercial property market officer who will be handling and look after commercial realty relationship executives and service specialists crosswise the state.

During the end of July, Regions Financial Corporation (NYSE:RF) made announcement about its economic results for the 2nd quarterly period where their revenues dropped by 9%, earnings also experienced a drop from $1.35 billion of the 2nd quarterly period of 2012 to $ 1.31 billion in the 2nd quarterly period of 2013 and recorded net revenue of around $259 million where the decision of forecasters were 21 cents/scrip.

The firmhas also declared its cash dividend of $0.03 per share is payable by September 13, 2013. There had been a loss of 1.10% in the shares of Regions Financial Corporation (NYSE:RF) which closed at $9.91 per share on Wednesday. The stock had presented intraday fluctuations on the range of $9.86 to $10.00 per share, after opening at $10.00 for the day. The company had recorded 52 week low at $6.18 and 52 week high at $10.52 per share.

There are 1.40billion shares outstanding with a market cap of $13.83 billion and an institutional ownership of 74% of the total capital. The trading volume on Wednesday was 12.51 million shares and the average volume is at 17.13million shares per day.

Regions Financial Corporation (NYSE:RF) is a commercial holding enterprise offers traditional, retail, commercial and mortgage banking services that operates all through the South, Midwest and Texas.

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