Market Overview

UPDATE: J.P. Morgan Reiterates Neutral Rating, Raises PT on Regions Financial

Related RF
Bank Of America's 2015 Outlook For Interest Rate-Sensitive Stocks
Bank Of America Issues New Price Targets For These 3 Financials

In a report published Friday, J.P. Morgan & Co. reiterated its Neutral rating on Regions Financial (NYSE: RF), and slightly raised its price target from $8.00 to $8.50.

J.P. Morgan noted, “Regions earnings should be driven primarily by large loan loss reserve releases, along with some further improvement in net interest margin and reduction in credit related expenses as housing market recovers. We rate Regions Neutral relative to our coverage, which is fair, in our view, due to lower level of normalized profitability. Basel 3 NPR will reduce excess capital and temper potential for capital return. Longer term, Regions needs to determine ways to improve normalized profitability.”

Regions Financial closed on Thursday at $7.28.

Latest Ratings for RF

DateFirmActionFromTo
Oct 2014Compass PointMaintainsNeutral
Oct 2014CitigroupMaintainsNeutral
Oct 2014Morgan StanleyMaintainsOverweight

View More Analyst Ratings for RF
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Price Target Analyst Ratings

 

Related Articles (RF)

Around the Web, We're Loving...

Get Benzinga's Newsletters