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BMO Capital Remains a Buy on Regions Financial (RF)


BMO Capital analyst Lana Chan maintained a Buy rating on Regions Financial (RF) today and set a price target of $17. The company’s shares opened today at $15.74.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 9.7% and a 63.8% success rate. Chan covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Westamerica Bancorporation, and TCF Financial Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regions Financial with a $17.85 average price target, a 13.4% upside from current levels. In a report issued on February 28, Raymond James also maintained a Buy rating on the stock with a $19.50 price target.

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Based on Regions Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.63 billion and net profit of $406 million. In comparison, last year the company earned revenue of $1.58 billion and had a net profit of $335 million.

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.