Regions Financial Corporation

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...

Compass 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...