Regions Financial Corp

RF is in a Stage 2 corrective reset with mean-reversion permission amid oversold conditions. Price is trading below declining EMAs and was recently rejected on retests, indicating short-term timing is unfavorable. We will defer entry (“stalk”) into the support area around prior lows and the 200-day SMA, awaiting evidence of stabilization or a reclaim of the EMAs before considering a buy.

• ↑Q2 net income $549M with adjusted EPS of $0.68
• ↑Quarterly dividend up 13% to $0.30; $59M in share repurchases
• ↓Revenue growth challenged by high rates; mortgage and capital markets down