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.

Company Overview

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.

Corporate Banking Division

The Corporate Banking Division represents commercial banking functions, including commercial and industrial, commercial real estate, and investor real estate loans.

Consumer Banking Division

The Consumer Banking Division has a branch network that offers consumer banking products and services, including residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards, and other consumer loans.

Wealth Management Division

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.

Other Division

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.