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

|About: Regions Financial Corporation (RF)|By:, SA News Editor

Regions Financial (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 (RJF) or Stifel Financial (SF), is the favorite.