Dallas, Texas 03/11/2014 (FINANCIALSTRENDS) – Regions Financial Corporation(NYSE:RF) is the Birmingham-based financial services player, which is engaged in operations in Texas, Midwest as well as Southern parts of the country. The company offers multiple products and services which are commercial, retail in natures. Niche services it provides includes mortgage banking services, mutual funds, securities brokerage, insurance as well as other specialty financing.
Regions Financial Corporation(NYSE:RF) is also know to conduct conventional banking operations – through its Regional bank, which is a commercial entity. The bank is known to operate over 2000 automated teller machines, besides offering a wide-range of services, with subsidiaries. In recent times, the company has sold its affiliates and subsidiaries to Raymond James.
The company in its full year’s financial report for 2013 had reported that income before taxes is $1.6 billion, whereas the 2012 income is $1.7 billion. The decrease over the year was nearly 4.5%. In comparison, peer- company BB&T reported a net increase in income, jumping nearly 12%, from $2.8 billion to over $3.1 billion.
Regions Financial Corporation(NYSE:RF) currently trades on the stock market at $10.85 per share. The drop is nearly 0.46% over previous closing. The infra-day high for the company is $11.06, while the infra-day low is $10.83. Besides, the 52-week high for the company was $11.11, with the 52-week low being $7.61. The stock opened the trading session at $11.00. Regions Financial Corporation(NYSE:RF), currently holds a market cap of $15.47 billion, while the ratio of PE is 14.00.The dividend for this company is 0.03, while the yield is 1.10.The EPS is 0.78, while the outstanding shares it holds are $1.42 billion. Beta is 1.99.
Apparently, Regional Bank, has adopted the strategy to rework the organization and return to fundamental elements of the company. This would be refocusing on the services the company has been proud of- building relationships with customers as well as the communities.