Regions Financial Corp. and BBVA Compass, Alabama’s largest banking institutions, are still considered “vulnerable,†despite more positive trends flowing through the financial markets as of late, according to recently released bank ratings.
The Birmingham-based banking giant – and several of its competitors – are still “vulnerable to financial difficulties or even possible failure,†amid the Great Recession, which has caused the demise of several hundred financial institutions across the state, according to an analysis compiled by Jupiter, Fla-based Weiss Ratings.
Regions Bank (NYSE: RF), which has $137 billion in assets, was one of seven banks with more than $100 billion in assets that was hit with a low grade of D based on its capital, asset quality and earnings.
And BBVA Compass (NYSE: BBVA), which has $64 million in assets, received a D- by Weiss ratings. Weiss said “consumers should seriously consider avoiding banks with a Weiss Rating of D+ or lower,†in a written statement. Instead, consumers “should seek business with banks meriting a rating of B+ or higher,†Weiss rating said.
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