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Fly News Breaks for November 28, 2018
RF
Nov 28, 2018 | 07:50 EDT
Argus analyst Kevin Heal initiated Regions Financial with a Buy rating and a price target of $19, saying the company has been posting "stronger lending revenue in recent quarters" amid growth in commercial loans a wider net interest margin. The analyst is positive on Regions' "Simplify and Grow" strategy with expended presence in the Southeast, also having solid its non-core Regions Insurance unit in Q3. With the latest 55% increase in dividend and a 38% boost in stock buyback, Heal further cites the company's "strong balance sheet and a focus on shareholder returns."
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