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Out at 4.20 with a few bucks profit.
Got some 4.12's.
Well I managed to squeeze a few cents out of it this afternoon.
It was. Wish I had stayed in yesterday afternoon.
Thanks...
GLTA
That is for you to decide...
Never try to call a perfect bottom...
You will be left in the dust...
GLTA
I think there will be bigger fear than today.... still waiting...
Bought some at 3.02...
Buy when there is fear...
Buy when there is panic...
GLTA
3.06 i think it may break 3.00?
I don't know about for sale, BAC is in a world of dung too. Who would buy them? All the banks are in trouble.
MAYBE $ 3.61 ? THIS ONE IS BLEEDING
3.75 now, good entry point?
RF 52 weeeks low level: $3.95.. X-dividend date sept 14 '11...
DB cuts estimates for 15 US Banks:
"Regions Financial Stock To Go Ex-dividend Tomorrow (RF)
By TheStreet Wire 09/13/11 - 09:54 AM EDT
NEW YORK (TheStreet) -- The ex-dividend date for Regions Financial Corporation (NYSE:RF) is tomorrow, September 14, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $4.04 as of 9:30 a.m. ET, the dividend yield is 1%.
The average volume for Regions Financial has been 22.4 million shares per day over the past 30 days. Regions Financial has a market cap of $5 billion and is part of the financial sector and banking industry. Shares are down 43% year to date as of the close of trading on Monday.
Regions Financial Corporation operates as the holding company for the Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. "
.....
Bank of America, 15 Other Banks, Cut by Deutsche
By Dan Freed 09/08/11 - 07:45 AM EDT
Stock quotes in this article:BAC, RF, STI, KEY, CMA, C, ZION
NEW YORK (TheStreet) -- Bank of America (BAC_) and 15 other banks saw third quarter estimates slashed in a report published Wednesday by Deutsche Bank analysts, though they also upgraded three stocks, and arguing the recent selloff in the sector has created buying opportunities.
More on BAC
Deutsche Bank analyst Matt O'Connor's biggest downward revision went to Bank of America. O'Connor now sees the bank earning just 30 cents per share in the third quarter versus his previous estimate of 65 cents--a 55% reduction. O'Connor is still above the 22 cent consensus estimate.
The next biggest cut went to Citigroup, which O'Connor sees earning 68 cents per share, as opposed to the 93 cents he had previously predicted--a 27% differential. O'Connor is 28% below consensus estimates of 95% per share.
Other big downward revisions went to Zions Bancorporation(ZION_), Regions Financial(RF_) and Comerica(CMA_). Compared to consensus estimates, O'Connor is most bullish on Bank of America and Regions, while he is most bearish on Citigroup and SunTrust(STI_).
O'Connor raised his recommendation to "buy" from "hold" on KeyCorp(KEY_), Regions Financial and SunTrust, while downgrading Comerica to "hold" from "buy." He cited strong potential for share buybacks at KeyCorp and low valuations at both Regions and SunTrust. In lowering his recommendation on Comerica, he pointed to sluggish loan growth.
Indeed, it could.
Regions Financial sees TARP assist if Morgan Keegan is sold
http://www.commercialappeal.com/news/2011/jul/26/regions-financial-parent-morgan-keegan-reports-pro/
RF would still owe TARP nearly $2B. Can you spell "For Sale"??
PPS is under $5 now...it could happen!
Still just watching.
Guess I should have stated , I'm not a fan of JPM. So I would move out of RF. I do some banking there.
What do ya mean?
If JPM ever buys RF, I will move all my money and accounts.
Yep, and I'm out. !!!
As does JPM......stay tuned......
Be rich......
PNC have RF in mind and BX as back up strategy it seems!
BankAtlantic shares down on takeover talk
South Florida Business Journal
Date: Monday, December 20, 2010, 10:03am EST
Related:
Banking & Financial Services
* CEO says BankAtlantic ‘open to opportunities’
* PNC looking at Regions, BankAtlantic
* Bauer: Florida has 45 banks with ‘zero’ rating
* Foreclosure Roundup
* Power Leaders: Banking
Shares of BankAtlantic Bancorp were off in early trading on Monday after talk of a possible takeover sent shares soaring last week.
Shares were down 20 cents, or 12.66 percent, to $1.38.
Shares had been trading below 90 cents early last week, but rose to more than $1.50 after the South Florida Business Journal reported Tuesday that Pittsburgh-based PNC Financial Services Group (NYSE: PNC) was considering a deal with BankAtlantic. PNC also was reportedly in due diligence for Birmingham, Ala.-based Regions Financial Corp. (NYSE: RF).
BankAtlantic's 52-week high was $3.28 on April 26 and its 52-week low was 60 cents on Nov. 22.
An article on the Motley Fool investment website has raised the question of whether BankAtlantic is a backup strategy for PNC if a deal with Regions doesn't happen.
Regions shares were up 7 cents, or 1.12 percent, to $6.31 in early Monday trading. Shares of PNC were up 50 cents, or 0.85 percent, to $59.
BankAtlantic has suffered 13 straight quarters of losses and wants to raise up to $125 million, but lost a shareholder class action securities trial in November. The company plans to appeal.
The $4.5 billion-asset bank is looking to sell its 19 Tampa Bay area branches, which have $37.2 million in assets and $339.4 million in deposits.
The South Florida Sun-Sentinel reported Friday that BankAtlantic had laid off 75 employees, or 6 percent of its workforce.
Read more: BankAtlantic shares down on takeover talk | South Florida Business Journal
I have a nieghbor who lost his house because he had his money tied up in Wachovia stock.....rode it all the way down and would NEVER sell.....then Wells took over.....by then it was too late....I wonder what his mother would say?.....
RF has weather a good storm.....
Be rich.....
Good point. I remember wanting to load up under 2.00, my mother thought they may fold and advised against it. Goes to show it's not always good to listen to your mother. lol
Bailout money was used for acquisitions.....if RF had had troubles then they could have already been taken over.....
Seems to me they are strong enough to survive the turndown, which makes them even more attractive.....imho
Be rich....
It could be. Most smaller banks could.
Will it be? I surely don't know.
will do . Thank you
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Regions Financial Corp.
1900 Fifth Avenue North
Birmingham, AL 35203
United States - Map
Phone: 205-944-1300
Fax: 901-580-3915
Web Site: http://www.regions.com
DETAILS
Index Membership: S&P 100
S&P 500
S&P 1500 Super Comp
Sector: Financial
Industry: Regional - Southeast Banks
Full Time Employees: 30,784
Share Statistics
Average Volume (3 month)3: 13,707,400
Average Volume (10 day)3: 31,531,200
Shares Outstanding5: 691.37M
Float: 685.21M
% Held by Insiders1: 1.33%
% Held by Institutions1: 44.90%
Shares Short (as of 12-Jan-09)3: 35.74M
Short Ratio (as of 12-Jan-09)3: 3.9
Short % of Float (as of 12-Jan-09)3: 5.20%
Shares Short (prior month)3: 32.19M
Dividends & Splits
Forward Annual Dividend Rate4: 0.40
Forward Annual Dividend Yield4: 9.50%
Trailing Annual Dividend Rate3: 0.96
Trailing Annual Dividend Yield3: 20.70%
5 Year Average Dividend Yield4: 6.90%
Payout Ratio4: N/A
Dividend Date3: 31-Mar-09
Ex-Dividend Date4: 16-Mar-09
Last Split Factor (new per old)2: 2:1
Last Split Date3: 16-Jun-97
Company Information
It's time to expect more.
Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine's "Platinum 400" list of America's best big companies. With $146 billion in assets, Regions is one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates almost 1,900 banking offices and 2,400 ATMs. Its Investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 400 offices.
Our Company Mission
We are Regions. And ours is a vibrant mission. Make life better. Make life better for associates. Make life better for our customers. Make life better for our communities. This is our roadmap to success. Our roadmap to create strong, consistent shareholder value.
http://www.regions.com/about_regions/IR_investorrelations.html
[chart]images.investorshub.advfn.com/images/uploads/2010/1/13/mflwibuys_RF.JPG[/chart]
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