2 Sizzling Hot Financial Stocks: Regions Financial Corporation (RF), KeyCorp (KEY)

Regions Financial Corporation (RF) ended last trading session with a change of -0.07 percent. It trades at an average volume of 15.93M shares versus 8.71M shares recorded at the end of last trading session. The share price of $15.12 is at a distance of 105.28 percent from its 52-week low and down -5.27 percent versus its peak. The company has a market cap of $18.31B and currently has 1.21B shares outstanding. The share price is currently -1.02 percent versus its SMA20, 2.73 percent versus its SMA50, and 31.79 percent versus its SMA200. The stock has a weekly performance of -0.3 percent and is 5.74 percent year-to-date as of the recent close.

March 13, 2017 — Regions Financial Corporation (RF) Regions Bank is the highest-ranked bank in the United States in the newly released 2017 Temkin Experience Ratings. The annual ratings are compiled by the Temkin Group, a national research firm that ranks companies based on customer experience.

The 2017 ratings evaluate over 300 companies from across 20 industries ranging from banks to supermarkets to retailers and more. In addition to being recognized as the highest-ranked company in the banking industry, Regions also tied as the fourth-highest rated company across all industries. Only Publix, Chick-Fil-A and the supermarket H-E-B ranked higher.

KeyCorp (KEY) recently recorded -0.27 percent change and currently at $18.53 is 84.54 percent away from its 52-week low and down -5.12 percent versus its peak. It has a past 5-day performance of -2.42 percent and trades at an average volume of 11.42M shares. The stock has a 1-month performance of 2.61 percent and is 1.88 percent year-to-date as of the recent close. There were about 1.09B shares outstanding which made its market cap $20.15B. The share price is currently -1.59 percent versus its SMA20, 0.77 percent versus its SMA50, and 27.11 percent versus its SMA200.

On March 9, 2017 KeyCorp (KEY) announced that all of its outstanding 7.75% Non-Cumulative Perpetual Convertible Preferred Stock, Series A (NYSE:KEY.G) (the “Series A Preferred Stock”) will convert into KeyCorp common shares, effective March 20, 2017 (the “Mandatory Conversion Date”).

On the Mandatory Conversion Date, holders of the Series A Preferred Stock will receive 7.0922 KeyCorp common shares for each share of Series A Preferred Stock.  Cash will be paid in lieu of fractional common shares.  There are currently 2,900,234 shares of Series A Preferred Stock outstanding.  No action by holders of the Series A Preferred Stock is required.

 

Elbert Edwards: