Argus Research Sticks to Its Buy Rating for Regions Financial (RF)We are reiterating our BUY rating and target price of $29 on Regions Financial Corp. (NYSE: RF), reflecting a more positive macro environment and growth in RF’s Capital Markets and Wealth Management. Regional banks have recently seen pressure due to concerns of leveraged loan losses at two smaller regionals. However, we see these as isolated items. We believe that the lending pipeline is growing on optimism that the Fed will lower short-term rates bringing down overall loan rates. On the 3Q earnings call, RF management noted record growth in noninterest income and expects that deposits will be stable in 2025 due to the long-term relationships with both its commercial and consumer base. We also expect the net interest margin to remain near the 3.5% level, higher than other peers.