Regional Banks Stocks Upmove Continue (RF, ZION, STI, FITB, HBAN, SNV)

Regions Financial Corporation (NYSE:RF) rose 1.30% to $8.66 after hitting a new 52-week high of $8.90. Yesterday, analysts at Credit Suisse raised their first-quarter 2010 earnings per share estimate for Regions Financial to a range of $0.24 to $0.67 from the previous range of $0.33 to $0.87.

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Zions Bancorporation (NASDAQ:ZION) jumped 0.70% to $24.44 after creating a new 52-week high of $24.75. Monday, the stock was upgraded by Sandler O'Neill from “sell” to “hold.”

SunTrust Banks, Inc. (NYSE:STI) rose 1% to $29 and made a new 52-week high of $29.41. Yesterday the stock jumped 3.50% after Credit Suisse Group AG said that SunTrust Banks Inc. (STI US) may be a takeover target by overseas financial companies.

Fifth Third Bancorp (NASDAQ:FITB) rose 0.35% to $14.40 and made a new 52-week high of $14.61.

Huntington Bancshares Incorporated (NASDAQ:HBAN) climbed 2.40% to $5.99 on heavy volume.

Synovus Financial Corp. (NYSE:SNV) gained 1.10% to $3.66.

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