Morgan Stanley Maintains Underweight on Regions Financial

Morgan Stanley is out with its report today on Regions Financial RF, maintaining Underweight. In a note to clients, Morgan Stanley writes, "We are Underweight RF in the context of an Attractive view for the large cap bank sector. We look for the bank to come out of the credit cycle later than large cap bank peers, given its relatively high exposure to Florida and CRE." At the time of posting, shares of RF were trading pre-market at $6.13, down 1.29% from Wednesday's close.