Dallas, Texas 12/16/2013 (FINANCIALSTRENDS) – The last trading session of Tuesday saw a drop of almost 0.73% in the Regions Financial Corporation (NYSE:RF) stock. The shares opened at a price of $9.62 and even climbed an intraday high of $9.67 but later in the day they closed at $ 9.56. There were total of 26.85M shares that were traded o Tuesday. The 52 week low of the RF was $6.58 and 52 week high is $10.52. If we talk about the current market capitalization of Regional Financial Corporation it comes out to be around $13.17 billion.
Regional Financial Corporation had variety of different subsidiaries and affiliates that act as their insurers or agents and there are many Credit- life product reinsurers. The company is also trying to dissolve its non-core assets and want to concentrate on its core products.
Something about Regions Financial Corporation (NYSE:RF)
It was on 13th February 2004 when Regions Financial Corporation (NYSE:RF) was incorporated and it has successful operations in the Midwest, south and Texas. The company provides mortgage, commercial, and retail banking services. The company even provides different financial services such as insurance, asset management, mutual funds and trust. The name of their banking operations is called as Regions Bank.
As per the news Regional Financial Corporation operated about 2100 ATMs and 1726 different banking offices on 31st December 2011 in different cities such as Arkansas, Alabama, Georgia, Florida, Illinois, Iowa, Mississippi, North Carolina, South Carolina, Texas, Virginia, Tennessee and Kentucky. The April 2012 also witnessed them selling their Morgan keegan & company and some other affiliates to the Raymond James Financial.
The company also provides additional financial services through its subsidiaries whereas Morgan keegan & company is a complete brokerage and investment banking firm. Morgan keegan & company also offers services such as asset management, trust, financial planning, mutual funds, securities underwriting and investment banking.