$4.75
-0.06 (-1.25%)
Regions Financial Corp (RF)
CAPS Rating:
Financial holding company whose operations consist of banking, brokerage and investment services, mortgage banking, insurance brokerage, credit life insurance, commercial accounts receivable factoring and specialty financing.
RSS Headlines
Fool UK
Recs
If we knew where Dowd Ritter and his family were spending their July 4 holiday celebrations we would double down short or long!
We do not so we will place our bets according to the Federal Reserve interest rate party instead.....long...with options.
Time will tell how profitable this POS will be....
Priceless when $17,700 of the $396,396,172,916 money spent makes the newspapers front page and Cramers #1 wall of shame!
FYI before you put your hard earned real money in....here is some food for thought..
Why is their so many "new stories" about this company?
This Canadian does not have Cramer TV...but judging from the internet...sell was stated a lot
Know your enemies....
Well....back in..
2005 RF Mortgage sold its wholesale lending division....sold the stuff that took WFC to $8
2006 the merged and downsized their mortgage division at the peak of the cycle
2007 Regions sold EquiFirst to Barclays...that would be their subprime ....non-traditional mortgages such as option ARMs.....loans @ teaser rates.
Any friends?
Morningstar sees an earnings miss due to Florida construction.....however longterm they like...
This is a risk vs. reward....while they were smart....other institutions picked up their garbage....due to revenge line up....we will walk away and revisit another day....but wish those with balls of steel only the best!
Just call me "Steely". I took a small position yesterday until earnings come out. Depending on what happens after that, I will adjust my position accordingly. If for some reason it "rockets" (unlikely), I will take my profits and buy back in later. If it "drops like a lead balloon", I will probably double down and watch it for a while. As with most banks today, it is "all about the economy stupid", and while it will take time for them to recover and pay off. Buying while they are down is the only way to make a meaningful profit. If and when we get back to "normal times", most banks will just become dividend plays with a slight upside. Diversity is the name of the game, but with a proper allocation of funds mixed between "traditional" dividend stocks that pay to hold them until things get better ( that is assuming they ever do), some with intermediate moderate upsides, longer term fairly certain good gains, and a "smattering" of semi-speculative stocks. After taking a tax loss on Siri last year, I am still kicking myself for not putting at least some money back in when it was 5 cents a share. I could have made an 800% profit in a few weeks without risking much. Oh well, you win some, you lose some. Just make sure you win more often then you lose.
Rumors are running rapid that BB&T is looking to acquire Regions
Regions May Be Target of BBT, JPMorgan, Fox-Pitt Says (Update1)
Share | Email | Print | A A A
By David Mildenberg
May 19 (Bloomberg) -- Regions Financial Corp., the Alabama bank that needs $2.5 billion after the government’s stress test, is a potential takeover target with BB&T Corp. and JPMorgan Chase & Co. the most logical bidders, Fox-Pitt Kelton Cochran Caronia Waller said in a report today.
BB&T may pay as much as $10 a share for Regions and generate an internal rate of return of 11 percent to 12 percent, David Trone, an analyst at Fox-Pitt, said in the report. JPMorgan is also a possible buyer in its desire to expand in the Southeast, home to most of Regions’ 16-state franchise, he said.
The Birmingham-based lender said it may sell common stock or other securities that are convertible into common shares to meet the capital requirement, and may sell non-core businesses, according to a May 7 statement. The bank questioned whether it should be forced to raise additional capital and said potential losses for 2009 and 2010 of $9.2 billion exaggerated the problems of its loan portfolio.
Regions’ plan to raise capital without converting government-owned preferred shares into common shares “might be hard to complete in the current environment,” Trone said. “If it came down to Regions deciding whether or not to have the government as a partner or merging with another company, we believe a merger would maximize shareholder value.”
Regions doesn’t comment on merger speculation, spokesman Tim Deighton said. BB&T declined comment, spokesman Bob Denham said.
JPMorgan looks at potential bank acquisitions “from time to time,” but nothing is imminent, Chief Executive Officer Jamie Dimon said at the company’s annual shareholders’ meeting today.
Regions declined 19 cents to $5.24 at 4 p.m. in New York Stock Exchange composite trading. The shares have declined 34 percent this year.
To contact the reporter on this story: David Mildenberg in Charlotte at dmildenberg@bloomberg.net
Rumors are a by-product of an untruthful conversation.....................