Synovus Financial

(

SNV

) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day up 2.1%. By the end of trading, Synovus Financial fell one cent (-0.7%) to $1.40 on average volume. Throughout the day, 8.7 million shares of Synovus Financial exchanged hands as compared to its average daily volume of 8.7 million shares. The stock ranged in price between $1.38-$1.50 after having opened the day at $1.49 as compared to the previous trading day's close of $1.41. Other company's within the Banking industry that declined today were:

Carver Bancorp Inc

(

CARV

), down 53.3%,

Dearborn Bancorp Inc

(

DEAR

), down 37.5%,

Southern Connecticut Bancorp

(

SSE

), down 16.9%, and

Community Financial

(

CFFC

), down 15.3%.

Synovus Financial Corp., a diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial has a market cap of $1.19 billion and is part of the

financial

sector. Shares are down 46.6% year to date as of the close of trading on Friday.

TheStreet Ratings rates Synovus Financial as a

sell

. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

On the positive front,

Atlantic Coast Financial

(

ACFC

), up 38.5%,

Mercantile Bancorp Inc

(

MBR

), up 34.4%,

Bank VA Chesterfield

(

BOVA

), up 28.8%, and

Tennessee Commerce Bancorp Inc

(

TNCC

), up 21.3%, were all gainers within the banking industry with

Bank of America Corporation

(

BAC

) being today's featured banking industry winner.

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

).

null