Investors hoping to capture solid yield and upside capital gain potential may want to turn to regional banks — some of which offer dividend yields that top 4%, according to investment bank Janney Montgomery Scott. The Federal Reserve is expected to deliver an interest rate cut at the end of its Sept. 17-18 policy meeting this month.
Wall Street is largely on the fence about the Birmingham, Ala. bank, with 16 of 27 analysts covering the name rating it a hold, according to LSEG. Analysts from Piper Sandler recently met management at Regions, noting that "While the macro backdrop reflects a slowing economy and customers remain cautious, management is confident in RF's ability to navigate the uncertainty.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: