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
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Synovus Financial Corp (SNV): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Synovus Financial ( SNV) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.6%. By the end of trading, Synovus Financial rose $0.04 (1.2%) to $3.31 on average volume. Throughout the day, 12,394,750 shares of Synovus Financial exchanged hands as compared to its average daily volume of 10,600,700 shares. The stock ranged in a price between $3.28-$3.34 after having opened the day at $3.29 as compared to the previous trading day's close of $3.27. Other companies within the Banking industry that increased today were: Citizens First Corporation ( CZFC), up 21.7%, Porter Bancorp ( PBIB), up 14.5%, Greene County Bancorp ( GCBC), up 8.2% and Credit Suisse ( DGAZ), up 7.5%.

Synovus financial corp., a financial services and bank holding company, provides integrated financial services. Its integrated financial services include commercial and retail banking, financial management, insurance, and mortgage services. Synovus Financial has a market cap of $2.6 billion and is part of the financial sector. Shares are up 36.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Synovus Financial a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Synovus Financial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

On the negative front, Old Second Bancorp ( OSBC), down 11.1%, PSB Holdings ( PSBH), down 9.1%, Emclaire Financial Corporation ( EMCF), down 7.5% and Sussex Bancorp ( SBBX), down 6.2% , were all laggards within the banking industry with Bank of America Corporation ( BAC) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs