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Jan. 19, 2022, 9:16 a.m. EST

Regions Bank to eliminate non-sufficient funds fees in the coming months

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By Tomi Kilgore

Regions Financial Corp. /zigman2/quotes/202396577/composite RF +0.30% said Wednesday its Regions Bank subsidiary will eliminate non-sufficient funds fees by the end of the second quarter, as the regional bank matched moves made recently by Bank of America Corp. /zigman2/quotes/200894270/composite BAC +0.29% and Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC +1.99% . The regional bank's stock rose 0.8% in premarket trading. Regions said it will also eliminate overdraft protection transfer fees by the end of the first quarter, and will lower the number of Paid Overdraft Item Fees that can be charged on consumer banking accounts to three per day. The bank also said that it will make consumers' paychecks available up to two days before the regular payday, if their employer uses direct deposit. Regions' stock has rallied 8.7% over the past three months through Tuesday, while the SPDR S&P Bank ETF /zigman2/quotes/201006419/composite KBE +1.27% has climbed 6.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +2.39% has gained 1.3%

/zigman2/quotes/202396577/composite
US : U.S.: NYSE
$ 19.88
+0.06 +0.30%
Volume: 6.21M
May 13, 2022 4:00p
P/E Ratio
8.25
Dividend Yield
3.42%
Market Cap
$18.55 billion
Rev. per Employee
$337,919
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/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 35.17
+0.10 +0.29%
Volume: 49.12M
May 13, 2022 4:00p
P/E Ratio
10.03
Dividend Yield
2.39%
Market Cap
$283.36 billion
Rev. per Employee
$460,394
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/zigman2/quotes/203790192/composite
US : U.S.: NYSE
$ 42.64
+0.83 +1.99%
Volume: 21.25M
May 13, 2022 4:03p
P/E Ratio
8.87
Dividend Yield
2.35%
Market Cap
$161.62 billion
Rev. per Employee
$333,813
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/zigman2/quotes/201006419/composite
US : U.S.: NYSE Arca
$ 46.08
+0.58 +1.27%
Volume: 2.74M
May 13, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,023.89
+93.81 +2.39%
Volume: 2.54B
May 13, 2022 4:57p
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