|Day Low/High||35.45 / 36.63|
|52 Wk Low/High||29.93 / 57.40|
Upside was driven by operating leverage that the bank expects to improve in the second half of the year.
Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2016.
Traders will be paying close attention to the bank’s net interest margin, and we will be listening for an update on the core Southeastern region.
Synovus Financial Corp. (NYSE: SNV) today announced the appointment of Kevin Blair as executive vice president and chief financial officer, effective August 17.
American Banker and the Reputation Institute have again named Synovus (NYSE:SNV) one of America's most reputable banks in the magazine's annual Survey of Bank Reputations.
Synovus Financial Corp. (NYSE: SNV) will report first quarter 2016 results on Tuesday, July 19, 2016.
Bank has no direct exposure to the U.K. or Europe and should continue to deliver above-average growth.
With market weakness expected to continue to linger, our model portfolio considers it a potentially good time to buy.
We trimmed two positions in the model portfolio this week amid overall market strength.
With the probability of an interest rate hike at the June FOMC of just 4% and also lingering uncertainty about rising interest rates over coming weeks and months, we remain comfortable with the model portfolio.
The Board of Directors of Synovus Financial Corp. (NYSE: SNV) has declared a quarterly dividend of $0.
U.S. shares advanced for the week, but we did not make any trades in our model portfolio. Next week, however, a plethora of economic data will be released.
U.S. stocks are approaching oversold levels for the first time in over a month, leaving us comfortable with an above-average 25% cash position in our model portfolio as we search for new names to add.
U.S. stocks are approaching oversold levels for the first time in over a month, prompting our model portfolio to increase its position in Kratos Defense & Security.
More than half of the model portfolio reported earnings in a 48-hour stretch, but earnings season wraps up next week amid a quiet economic front.
Several names in the model portfolio experienced increased volatility, despite U.S. stocks posting just fractional losses this week and holding near record highs.
The Federal Reserve has been on a roll approving regional bank acquisitions with more to come, even as the Department of Justice is cracking down on mergers.
With the market ticking higher this week, we used its strength to take profits in some of our portfolio companies.
Despite earnings miss, the Georgia bank's shares will continue to improve, according to one analyst.
Still, we believe the company is executing well in a low-interest-rate environment.
Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2016.
We believe that Synovus can continue to deliver above-average growth.
We made just one trade for the model portfolio this week as the market ended with a fractional loss.
We made several moves this week as stocks bounced back and the quarter ended in the green for the portfolio.
We used the broader market decline this week to add to one position.
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