Tuesday, April 6, 2010

Regions Financial (NYSE:RF) Upgraded by Credit Suisse

Regions Financial

Regions Financial (NYSE: RF) received a nice boost in share price after analysts at Credit Suisse (NYSE:CS) upgraded the earnings per share for the first quarter to a range of $0.33 to $0.87 a share, up from $0.24 to $0.67 a share previously estimated.

Other analysts are expected a $0.22 loss a share for Regions, so we'll have to wait to see in June who was right.

For now, Regions, and other small banks enjoyed some upward movement in their share price.

No comments: