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3 Bank Stocks to Double Your Money

Now is a great time to bank on these attractive stock plays

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Regions Financial

Operating in 16 states across the South, Midwest and Texas,  Regions Financial (RF) is poised for growth. It is one of the largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products; it operates 1,600 bank locations.  Despite the skeptics about the economy, growth is ahead.  To the extent we have 3% economic growth, such activity at the ground level will be funded by companies like Regions Financial, headquartered in Birmingham, Ala.

In late 2011, Regions Financial stock bottomed, but has appreciated nicely since. Still, the stock is cheap trading for less than 1 times book value. With a book value of 11 and a 2 times book value valuation, Regions is worth more than $20 per share. To the extent the economy is stronger than expected, earnings will push Regions Financial book value even higher, thus more gains are possible.

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