Previous Close | 19.91 |
Open | 20.13 |
Bid | 20.60 x 3100 |
Ask | 20.71 x 1300 |
Day's Range | 20.05 - 20.69 |
52 Week Range | 13.72 - 21.02 |
Volume | |
Avg. Volume | 9,038,519 |
Market Cap | 19.009B |
Beta (5Y Monthly) | 1.21 |
PE Ratio (TTM) | 9.80 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.96 (4.64%) |
Ex-Dividend Date | Feb 29, 2024 |
1y Target Est | N/A |
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Regions Financial (RF) benefits from consistent growth in loan balances and strategic buyouts. However, rising expenses and lack of loan portfolio diversification are major headwinds.
Regional bank stocks slid Friday, led by a roughly 20% decline in New York Community Bancorp's shares, [as signs of trouble at that bank](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-03-01-2024/card/nycb-stock-sinks-after-bank-finds-material-weaknesses-in-loan-reviews-suwc4exadNQwHRtpYsv8) revived fears about the health of the sector nearly a year after three high-profile failures.
(Bloomberg) -- New York Community Bancorp said its disclosure of “material weaknesses” in how it tracks risks won’t require additional reserves for future loan losses.Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpNYCB Flags Weaknesses in Loan Oversight and Names New CEOElon Musk Sues OpenAI and Altman for Breaching Firm’s Founding MissionS&P 500 Posts 15th Record This Year as Tech Roars: Markets Wrap“Our allowance for credit losses considered these weakn