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.
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