-
Thursday, January 12, 2012 - 10:04am
Regions Financial to Sell Morgan Keegan, Repay TARP Debts
Regions Financial (NYSE: RF) agreed to sell Morgan Keegan & Co. to Raymond James Financial (NYSE: RJF) for $930 million. Regions will get $1.18 billion in proceeds from the sale, including a dividend of $250 million, if the deal receives regulatory approval. In a press release, Regions...
Read More >> -
Compass Point Reiterates Sell on Regions Financial Corporation
Wednesday, June 22, 2011 - 8:59amCompass Point reiterates its Sell rating on Regions Financial Corporation (NYSE: RF). In a research report published today, Compass Point states, ""We estimate that RF becomes an attractive take-out target at the $3.00 level. Given we do not believe RF is in the need to sell themselves, we view...
Read More >>
