Regions Financial Corporation (NYSE:RF)’s financials in good state

Posted by Steve Raasch August 9, 2013 0 Comment 1189 views

Regions Financial Corporation (NYSE:RF) is planning on expanding its Commercial realty practices into Texas State. The company has taken on seasoned financers such as Buddy Billingsley, Richard Gross and Wendel Pardue. Buddy will be in charge of business development in Austin, San Antonio and the surrounding area. Wendel and Richard will be accountable for strategies and consumers in Dallas.

Pardue will be overseeing the commercial property market business which will be operated by an officer. The person will handle and look after service specialists and relationship executives across the state.

The financials

Towards July end, the company announced its Q2 earnings results. There was a 9% dip in revenue to $1.31B from the $1.35 that it stood at in the 2012 Q2. RF has also announced a $0.03/share cash dividend, which is payable by 13 September 2013. The company stock rose by 0.20% in Thursday’s trading session. The opening price of the shares was $10.00 which reached an intraday high of $10.05 and then settled down to $9.93/share towards the close of trading on Thursday.

RF has a market cap of 13.86. Regions Financial Corporation (NYSE:RF) has recorded a 52-week low of $6.18 and a 52-week high of $10.52/share. Close to 11.26M RF shares were traded on Thursday while the average volume of shares traded over a 30-day period was 17.11M.

The company

Regions Financial Corporation (NYSE:RF) is essentially a financial holding company. It operates right across the Midwest as well as in the regions in the South and Texas. RF provides retail and traditional commercial services. In addition, it provides mortgage banking services. It also covers a range of financial services in fields as varied as asset management, investment banking, mutual funds, trust, insurance, securities mortgage as well as specialty financing.

The company conducts all its banking operations via a commercial bank called Regions bank. The Texas expansion will add power to its presence in the state.

About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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