The combination of the recent run-up of valuations, greater commercial real estate (CRE) concerns weighing on growth trends, more challenging linked-period comps, and an unpopular election all amount to what we expect to be a challenging second half of the year for mid-cap banks. Valuations relative to current trends on Synovus Financial (SNV) and First Horizon National (FHN) are particularly high, in our opinion, and with minimal potential catalysts to get the stocks moving higher we downgrade both to Underperform from Market Perform.
- Zacks•6 days ago
Synovus Financial Corporation (SNV) announced signing of a definitive agreement to acquire Atlanta-based specialty financial services company, Entaire Global Companies, Inc.
- Business Wire•6 days ago
Synovus Financial Corp. today announced a definitive agreement to acquire Entaire Global Companies, Inc. , an Atlanta-based specialty financial services company.
Synovus Financial Corporation (SNV)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||32.13 x 6300|
|Ask||32.14 x 4600|
|Day's Range||32.07 - 32.39|
|52wk Range||25.48 - 33.80|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||19.02|
|Avg Vol (3m)||936,279|
|Dividend & Yield||0.48 (1.49%)|