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.
(
) 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:
(
), up 21.7%,
(
), up 14.5%,
(
), up 8.2% and
(
), 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
. 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.
- You can view the full Synovus Financial Ratings Report.
On the negative front,
(
), down 11.1%,
(
), down 9.1%,
Emclaire Financial Corporation
(
), down 7.5% and
(
), down 6.2% , were all laggards within the banking industry with
(
) being today's banking industry laggard.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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