Regions Financial: The Newly Issued Preferred Shares Offer A 6.98% Yield
Regions Financial(RF) Seeking Alpha·2024-08-03 23:40
Images By Tang Ming Tung Introduction Last April, I wrote an article on Regions Financial (NYSE:RF), a regional bank headquartered in Alabama with activities in Texas, the Midwest and the South. I argued the bank is pretty sizable with in excess of $150B in assets on the balance sheet and I particularly liked the relatively low exposure to commercial real estate. The bank recently issued a new series of preferred shares and I wanted to check if the recent turmoil on the financial markets created a good e ...