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Enter Symbol:
 
Regions Financing Tr I (RF) [hlAlert]

Rating:
Hold RF
up 785.13 %

Regions Financing Tr I (RF) upgraded to Hold with price target $3.50 by Citigroup

Posted on: Monday,  Feb 23, 2009  8:25 AM ET by Citigroup

Citigroup rated Hold Regions Financing Tr I (NYSE: RF) on 02/23/2009. Previously Citigroup rated Sell Regions Financing Tr I (NYSE: RF) on
02/06/2008., when the stock price was $23.81. Since then, Regions Financing Tr I has lost 88.70% as of 02/23/2009's recent price of $2.69.
If you would have followed the previous Citigroup's recommendation on RF, you would have gained 785.13% of your investment in 383 days.

Regions Financial Corporation (Regions) is a financial holding company that operates throughout the South, Midwest and Texas. The Company 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. Regions conducts its banking operations through Regions Bank, an Alabama chartered commercial bank that is a member of the Federal Reserve System. The Company operates in three segments: General Banking/Treasury, Investment Banking, Brokerage and Trust and Insurance. As of December 31, 2008, Regions operated approximately 2,300 automated teller machines (ATMs) and 1,900 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/23/2009 8:25 AM Hold
None
2.69 3.50
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  66.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/6/2008 8:25 AM Sell
None
23.81
1/16/2008 9:25 AM Hold
None
21.16

(*) Stock Price at the time of the recommendation.
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