Regions Financial Stock Surges on Strong Q3 Profit; Analysts Upbeat on Outlook
Stock Price and Recent Performance Regions Financial’s stock has seen whipsaw volatility in recent days. Last week’s renewed banking sector fears – sparked by a $50 million fraud-related loan loss at Zions Bancorp and other credit worries – hit regional bank stocks hard, sending the KBW Regional Banking Index down over 6% on Oct. 16 ts2.tech. Regions was caught in that downdraft, with RF shares plunging about 5–6% on Thursday (Oct. 16) to close around $23.33 marketbeat.com, a multi-month low. However, sentiment swiftly reversed after Regions reported strong Q3 results before the market opened on Oct. 17. The stock bounced roughly 2% higher in
