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Is Regions Financial a good stock to buy?
Regions Financial has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.
Is Regions Bank financially stable?
Fitch Affirms Regions Financial Corporation at 'BBB+'; Outlook Revised to Positive. Fitch Ratings - Chicago - 13 Jul 2021: Fitch Ratings has affirmed Regions Financial Corporation's (RF) Issuer Default Ratings (IDRs) at 'BBB+'/'F1'. The Rating Outlook has been revised to Positive from Stable.
Why did bank stocks drop?
The combination of higher inflation and higher rates has caught up with bank stocks, now on course for their worst monthly performance in more than two years. The S&P 500 Banks Index has fallen 9.2% in April, on track for its biggest one-month drop since March 2020, erasing about $120 billion in market value.
Is Regions a good bank?
Overall bank rating Regions Bank is a full-service regional institution that offers a few features many other banks don't, such as an annual 1% savings account bonus and a checking account rewards program. But other banks offer better checking and savings rates — not to mention less painful overdraft fees.
Do bank stocks do well in a recession?
The short answer is yes. Bank stocks are generally affected by recessions for a couple of reasons. First, interest rates tend to fall during recessions. Since the primary business model of banks is to lend money and make a profit, lower interest rates tend to lead to falling profits.
Is Bank of America stock a buy?
Bank of America Corp (BAC) stock is down -20.36% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserver's proprietary ranking system, gives BAC stock a score of 53 out of a possible 100. That rank is influenced by a long-term technical score of 52.
Is Wells Fargo stock a buy?
WFC stock is at best fairly valued now, if not slightly overvalued. Based on the stock's last traded share price of $49.33 as of April 11, 2022, Wells Fargo is now valued by the market at 12.4 times consensus forward FY 2022 P/E as per financial data sourced from S&P Capital IQ.
Which is better Regions or Wells Fargo?
Regions Bank's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Regions Bank. Wells Fargo's brand is ranked #139 in the list of Global Top 1000 Brands, as rated by customers of Wells Fargo....Regions Bank vs Wells Fargo.43%Promoters33%Detractors1 more row
Who is the number 1 bank in America?
JPMorgan Chase & Co.ON THIS PAGERankBank nameTotal assets1JPMorgan Chase & Co.$3.31 trillion2Bank of America Corp.$2.52 trillion3Wells Fargo & Co.$1.78 trillion4Citigroup Inc.$1.67 trillion11 more rows•May 5, 2022
What are the disadvantages of Regions Bank?
Pros and consProsConsOver 1,300 branch locations in the Southeast US region Variety of accounts Free savings account Possible to waive monthly fees 24/7 customer supportPays low interest rates on savings, money market, and CDs Monthly service fees No debit or ATM card included in the money market accountDec 6, 2021
Is Regions Financial stock a Buy, Sell or Hold?
Regions Financial stock has received a consensus rating of buy. The average rating score is and is based on 17 buy ratings, 14 hold ratings, and 1...
What was the 52-week low for Regions Financial stock?
The low in the last 52 weeks of Regions Financial stock was 18.03. According to the current price, Regions Financial is 119.89% away from the 52-we...
What was the 52-week high for Regions Financial stock?
The high in the last 52 weeks of Regions Financial stock was 25.56. According to the current price, Regions Financial is 84.55% away from the 52-we...
What are analysts forecasts for Regions Financial stock?
The 32 analysts offering price forecasts for Regions Financial have a median target of 21.91, with a high estimate of 32.00 and a low estimate of 1...
Falling rates and a looming recession are creating a difficult climate for bank stocks
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
What happened
Shares of regional banks joined the broader parade of stocks that plunged in March, with investors running for the exits as the impact of the COVID-19 coronavirus pandemic became clear.
So what
March was one of those months where nothing seemed to go right for investors. The pandemic caused markets to fall and brought the economy to a halt, causing jobless claims to skyrocket and putting the U.S. economy on course for a recession.
Now what
The pandemic didn't disappear with the changing of the calendar, but overall sentiment about how bad it will be and how long it will take for the economy to recover has improved in the early days of April.
Regions Financial (RF)
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Regions Financial Corporation - Hold
Zacks' proprietary data indicates that Regions Financial Corporation is currently rated as a Zacks Rank 3 and we are expecting an inline return from the RF shares relative to the market in the next few months.
Style Scorecard
The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
Is online banking more efficient than mobile banking?
With the move to online and mobile banking, the “little guys” are beginning to get more efficient. In the past, a regional bank relied on adding new branches to grow. Acquisition was a common strategy. But today, many of these banks can pay closer attention to the communities they already serve. This allows them to highlight some of their other strengths such as low fees, potentially lower minimum balance requirements, and perhaps higher yields than the big banks.
Is Regions Financial overvalued?
Regions Financial is looking a little overvalued at the moment. The bank’s price-to-earnings (P/E) ratio sits at 22.56 (as of this writing). Regional banks tend to have a significantly higher average P/E ratio than the “big banks.”
