Fundamental Analysis » Birmingham News: Regions Financial (RF) "Guilt by Association"

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Birmingham News: Regions Financial (RF) "Guilt by Association"

Hard to take any CEO for face value considering Wachovia (WB) CEO was on Mad Money two weeks ago saying “it’s all good” - and then yesterday was brokered in an emergency deal at $2 a share… but…Birmingham-based Regions Financial Corp.’s stock plummeted 41 percent on Monday, but CEO Dowd Ritter expressed confidence in the strength of his company’s Main Street business amid turmoil on Wall Street. “You hear all this Wall Street, Main Street talk. We really are a Main Street bank,” Ritter said, adding that the bank services consumers and small businesses across its 16-state footprint. “We’re not tied up with massive multibillion-dollar agreements there on Wall Street.” …
Original Source: http://feeds.feedburner.com/FundMyMutualFund