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...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|
|PRO Top long ideas returned 21.7% in 2016**|