Regions Financial Corp. (RF.US) Company Profile and Rating Update

Citi has updated its rating for Regions Financial Corp. (RF.US) from buy to buy, with a revised target price of US$26.00, up from US$25.00.

Regions Financial Corp. is a bank holding company that provides a wide range of financial services. The company operates through four main divisions: Corporate Banking, Consumer Banking, Wealth Management, and Other.

The Corporate Banking Division focuses on commercial banking functions, including commercial and industrial, commercial real estate, and investor real estate loans. The Consumer Banking Division has a large branch network, offering consumer banking products and services such as residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards, and other consumer loans.

The Wealth Management Division provides individuals, businesses, government agencies, and non-profit entities with a range of solutions to help protect, grow, and transfer wealth. The Other Division includes the company’s treasury functions, securities portfolios, wholesale financing activities, interest rate risk management activities, and other corporate functions not related to strategic business units.

Regions Financial Corp. was founded in 1971 and is headquartered in Birmingham, Alabama, USA.