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Regions Financial (NYSE:RF) +1.8% premarket after WSJ reported over the weekend that the bank is...

Jan. 09, 2012 8:21 AM ETRegions Financial Corporation (RF) StockRF, RJF, SFBy: Carl Surran, SA News Editor
Regions Financial (NYSE:RF) +1.8% premarket after WSJ reported over the weekend that the bank is close to a deal to sell its Morgan Keegan investment banking and brokerage unit for ~$1B. The price would be much less than the bank had once expected, and it isn't clear which of the reported bidders, Raymond James (NYSE:RJF) or Stifel Financial (NYSE:SF), is the favorite.

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