Helix Investment Research
Long only, special situations, contrarian, growth

Regions Financial: Double-Digit Upside As Southern Recovery Continues

Few banks represent the excesses of the pre-financial crisis years within the southern United States better than Regions Financial (NYSE:RF), one of the "Big 3" southern banks [alongside BB&T (NYSE:BBT) and SunTrust (NYSE:STI)]. Over the past 10 years, shares of Regions have fallen almost 70% (versus a fall of less than 50% for SunTrust and less than 8% for BB&T), as the bank's drive into subprime loans, helped by the $10 billion merger with AmSouth (which was heavily exposed to Florida real estate) in 2006, caused huge losses, including a $6 billion write-down tied to the AmSouth deal (however, the 2007 sale of Regions' subprime unit helped losses be lower than they otherwise would...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details