This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Bank Stocks That Could Jump on 2012 M&A (Update 1)

2.Synovus Financial

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Shares of Synovus Financial (SNV - Get Report) have plunged nearly 50% in 2011.

The bank is headquartered in Columbus, Georgia and has over $28 billion in assets and $23 billion in deposits, with close to 300 branches in Georgia, Alabama, South Carolina, Florida and Tennessee.

Synovus has a Basel 1 Tier 1 Common Capital ratio of 8.5%. The bank is still working through a high amount of problem assets. It has a non-performing assets ratio of 6.39%.

Still, Synovus is among those expected to turn the credit corner . The bank moved into the black in the third quarter, reversing a 12-quarter losing streak, with a net profit of $15 million or 2 cents per share. But that included a securities gain; core earnings remained negative.

Hedge fund manager Tom Brown told TheStreet that he expects Synovus to make money in the fourth quarter .

Still, Synovus is yet to repay $967.9 million in bailout money, with the possible equity raise creating an overhang on the stock.

Six analysts rate the stock a buy or outperform, 20 analysts rate it a hold and 2 analysts rate the stock a sell or underperform.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BPFH $11.96 -1.24%
BAC $15.58 -1.08%
FHN $14.30 -0.90%
JPM $61.93 -0.32%
SNV $29.90 -0.89%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs