Regions Financial Stock Sees Its Composite Rating Rise To 96

Regions Financial (RF) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 93 to 96.

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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Regions Financial stock is currently forming a cup without handle, with a 23.91 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.

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Regions Financial stock earns an 88 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 88% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q2, Regions Financial stock reported 435% EPS growth. That marks four straight reports with rising EPS performance. Top line growth came in at -1%, down from 6% in the previous quarter.

Regions Financial stock holds the No. 2 rank among its peers in the Banks-Super Regional industry group. SVB Financial (SIVB) is the top-ranked stock within the group.

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