In yesterday’s Wall Street session, Regions Financial Corp. (NYSE:RF) shares traded at $19.32, up 0.73% from the previous session.
RF stock price is now 3.26% away from the 50-day moving average and 7.12% away from the 200-day moving average. The market capitalization of the company currently stands at $17.75B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $20 to $23, Citigroup Upgraded its rating from Neutral to Buy for Regions Financial Corp. (NYSE: RF). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Lusco C. Matthew, SEVP & CRO sold 28,617 shares of the company’s stock on Dec 08 ’23. The stock was sold for $499,839 at an average price of $17.47. Upon completion of the transaction, the SEVP & CRO now directly owns 103,307 shares in the company, valued at $2.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’23, SEVP Smith Ronald G. sold 10,000 shares of the business’s stock. A total of $209,300 was realized by selling the stock at an average price of $20.93. This leaves the insider owning 281,151 shares of the company worth $5.43 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Regions Financial Corp. has had a low of $13.72 and a high of $21.02. The fifty day moving average price for RF is $18.71 and a two-hundred day moving average price translates $18.04 for the stock.
The latest earnings results from Regions Financial Corp. (NYSE: RF) was released for Sep, 2021. According to the Banks – Regional Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.46 by 0.03. This compares to $0.71 EPS in the same period last year. The net profit margin was 21.68% and return on equity was 12.43% for RF. The company reported revenue of $1.75 billion for the quarter, compared to $1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.82 percent. For the current quarter, analysts expect RF to generate $1.75B in revenue.
