SNV - Synovus Financial Corp.

NYSE - Nasdaq Real Time Price. Currency in USD
36.54
-2.90 (-7.35%)
As of 1:09PM EST. Market open.
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Previous Close39.21
Open37.00
Bid36.53 x 800
Ask36.55 x 800
Day's Range36.25 - 37.85
52 Week Range31.80 - 40.41
Volume2,833,400
Avg. Volume1,269,191
Market Cap5.355B
Beta (5Y Monthly)1.36
PE Ratio (TTM)10.83
EPS (TTM)3.37
Earnings DateJan 23, 2020
Forward Dividend & Yield1.20 (3.00%)
Ex-Dividend DateDec 16, 2019
1y Target Est43.13
  • Synovus Financial (SNV) Misses Q4 Earnings Estimates
    Zacks

    Synovus Financial (SNV) Misses Q4 Earnings Estimates

    Synovus (SNV) delivered earnings and revenue surprises of -3.09% and 2.75%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Synovus Announces Earnings for the Fourth Quarter 2019 and a 10% Increase in Common Stock Dividend

    Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2019. The Board of Directors also approved a 10% increase in the Company’s quarterly common stock dividend from $0.30 to $0.33 per share, effective with the quarterly dividend payable in April 2020.

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  • Earnings Reports for the Week of Jan. 27-31 (AAPL, AMZN, GE, TSLA)
    Kiplinger

    Earnings Reports for the Week of Jan. 27-31 (AAPL, AMZN, GE, TSLA)

    Check out our weekly earnings calendar and read the latest quarterly earnings previews.

  • Signature Bank's (SBNY) Q4 Earnings Top Estimates, Stock Up
    Zacks

    Signature Bank's (SBNY) Q4 Earnings Top Estimates, Stock Up

    While growth in revenues, and loan and deposit balances aid Signature Bank's (SBNY) Q4 results, escalating costs and provisions, and shrinking net interest margin pose concerns.

  • Business Wire

    Dake Madray Joins Synovus as Corporate Treasurer

    Synovus Financial Corp. (NYSE: SNV) today announced the appointment of Dake Madray as corporate treasurer. Madray joins Synovus from SunTrust, where he served most recently as head of treasury portfolio management within the corporate treasury function. Madray succeeds Jody Lowery, who retired last year after 34 years of service.

  • What's in the Cards for M&T Bank (MTB) This Earnings Season?
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    What's in the Cards for M&T Bank (MTB) This Earnings Season?

    M&T Bank's (MTB) fourth-quarter 2019 results are expected to reflect benefits from an improved fee income scenario.

  • Synovus Financial (SNV) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Synovus Financial (SNV) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Synovus (SNV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Does Synovus Financial (NYSE:SNV) Deserve A Spot On Your Watchlist?
    Simply Wall St.

    Does Synovus Financial (NYSE:SNV) Deserve A Spot On Your Watchlist?

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  • Growth in Loans Aid Hancock Whitney (HWC) Despite High Costs
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    Growth in Loans Aid Hancock Whitney (HWC) Despite High Costs

    While margin pressure and higher expenses will likely hurt Hancock Whitney's (HWC) profits, continued growth in loans will aid revenues.

  • Pinnacle beefs up Atlanta team, snags trio of bankers
    American City Business Journals

    Pinnacle beefs up Atlanta team, snags trio of bankers

    Pinnacle Bank launched its Atlanta office three weeks ago, but the Nashville-based lender is wasting no time in expanding its local talent roster. Here's what you need to know.

  • Hedge Fund Darlings vs. Synovus Financial Corp. (SNV) In 2019
    Insider Monkey

    Hedge Fund Darlings vs. Synovus Financial Corp. (SNV) In 2019

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • Bloomberg

    Big Tech Is Coming for Banking: Experts Predict Fintech’s 2020

    (Bloomberg) -- Financial technology startups will enter the next decade with a little more street cred than the last time around.Nearly 60 upstarts focusing on financial services -- from Stripe Inc. to Chime Inc. to Plaid Inc. -- have garnered valuations of more than $1 billion in recent years, according to CB Insights. Personal loans -- a category popularized by fintechs like GreenSky Inc. or Affirm Inc. -- are now the fastest growing form of debt in the U.S., Experian data says. And Robinhood sparked a movement toward free stock trading that has shaken the business models of the likes of Charles Schwab Corp. and E*Trade Financial Corp.Still, analysts and experts say there’s more to come. Sweeping mergers and acquisitions have transformed some of the industry’s largest incumbents in payments, who are gearing up for a bigger fight for market share with newcomers. And regulators are looking to have more say over how technology companies venture into financial services.Here’s our annual list of the most important trends, challenges and companies to watch in the New Year.Exit StrategiesMergers and acquisitions have historically been small and rare in the fintech space, but that changed in a big way in 2019. Fiserv Inc., Fidelity National Information Services Inc. and Global Payments Inc. did a series of deals that transformed payment processing in the U.S. More recently, PayPal Holdings Inc. made its largest acquisition ever and Charles Schwab announced it would buy TD Ameritrade Holding Corp. for about $26 billion. That frenzied pace of deal-making might continue through (at least some of) 2020.Lindsay Davis, senior intelligence analyst, CB Insights: “Wealth management will likely see more consolidation from incumbents, who are under pressure to compete for next-gen customers and an army of virally growing fintech apps who have abstracted the client relationship away from the old guard. Charles Schwab buying TD Ameritrade is just the beginning of more strategic consolidation to come.”Matt Harris, partner, Bain Capital Ventures: “I think there is a window during the first half of the year for IPOs, but once summer hits people will be fundamentally distracted by the election. I certainly don’t think it will be fast and furious.”Regulatory ScrutinyMemorably, in 2019 Mark Zuckerberg defended Facebook Inc.’s plan to overhaul the world banking system in front of Congress. (Legislators were not amused.) Our experts think there’s plenty more government scrutiny ahead for financial technology players. That’s even though regulators including the Federal Reserve and the Federal Deposit Insurance Corp. have sought to encourage banks to work with newer technologies like alternative data in their underwriting in an attempt to bring more people into the financial services ecosystem. Companies will need to adjust their strategies accordingly.Alyson Clarke, principal analyst, Forrester: “Regulators are going to start taking a closer look and scrutinizing artificial intelligence. The whole Apple Card and the supposed gender bias -- I think we’ll see more things like this surface. Transparency in AI is critical and ethics in AI is critical and it needs regulatory oversight.”Vanessa Colella, Chief Innovation Officer, Citigroup Inc.: “We want to make sure the people who are transacting are who they say they are. As we get to 40 billion devices online, you can see it’s not just about KYC, or Know Your Customer, it’s KYM, or Know Your Machine -- and being sure that, as these transactions are happening at the edge, that you’re able to validate what the machine is, and whether the machine has the permission and the capability to make that transaction.”The Rise of Digital BanksChime, the leading U.S. digital bank, is now valued at $5.8 billion. That makes it more valuable than some of the country’s largest banks, including New York Community Bancorp, CIT Group Inc. or Synovus Financial Corp. It’s part of a new class of entrants, known as “challenger banks” or “neo-banks,” that’s raised more than $3 billion in venture funding in the first three quarters of this year. With that has come millions of customers. Will they remain loyal? Or will traditional lenders be able to win them back?Frank Rotman, founding partner, QED Investors: “While these neo-banks can’t yet match the complete suite of banking products that a traditional branch-based bank can, this doesn’t matter to the typical consumer because they rarely, if ever, use any of the hundreds of products that are in a bank’s arsenal. So we’ll be talking about challenger banks in 2020 and in 2021 and in 2022 and eventually the ‘challenger’ title will be dropped because they’ll be major players in the ecosystem.”Mitch Siegel, principal, KPMG: “I do believe 2020 is an arms race: You’re going to see a lot of people launching digital banking initiatives. Personalization is what’s changed that game. Cross-selling without personalization seems sleazy but if you can personalize offers, and give me things that are high probability that I actually want them, I’m OK with you trying to sell me other products and services. Make it easy. Know me. Value me. Protect me.”The Bank of Apple? Big Tech Moves InIf you’ve read this annual post before, you’ll be no stranger to predictions that the technology giants of the world will move deeper in to finance. The pace of those moves accelerated this year, however, with Apple launching a credit card with Goldman Sachs Group Inc., Alphabet Inc. announcing a checking product with Citigroup, and Facebook attempting to make a new global currency.Matt Harris: “I think this is inevitable. Tech companies, large and small, will be looking to incorporate payments, lending and insurance in their business models in the coming years, and the smartest and most capable banks will want to be part of that movement. I do think this raises the stakes for pure fintech startups.”Frank Rotman: “The trend is broader than ‘tech getting into finance.’ It should be seen as ‘customer-facing organizations’ offering their customers banking products. Many customer-facing organizations have built up trust with their customers -- as evidenced by high engagement and high net promoter scores -- but don’t want to, nor see the need for, officially becoming a bank. Instead, they can partner with banks that are willing to co-brand or white label their services and offer great banking products to their loyal customers.”Lindsay Davis: “Netflix could also leverage financial services to compete and enable gig-economy workers and freelancers in the film and TV industry, which have been traditionally too niche to serve, and have a unique set of pain points.”To contact the reporters on this story: Julie Verhage in New York at jverhage2@bloomberg.net;Jenny Surane in New York at jsurane4@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Anne VanderMey, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    Synovus Names Allen Barker North Georgia Division CEO

    Synovus Bank today announced that Allen Barker has been named CEO of its North Georgia Division. Barker was previously market president of the Atlanta region. He succeeds Rob Garcia, who resigned to pursue other opportunities.

  • Nashville's Pinnacle Financial entering Atlanta banking market, snags Synovus exec to lead it
    American City Business Journals

    Nashville's Pinnacle Financial entering Atlanta banking market, snags Synovus exec to lead it

    Pinnacle (Nasdaq: PNFP), the No. 1 ranked bank in the Nashville metropolitan area and third-largest bank in Tennessee ranked by deposits, said Wednesday it's hired Synovus's Rob Garcia to be its Atlanta president.

  • Business Wire

    Synovus to Announce Fourth Quarter 2019 Results on January 24, 2020

    Synovus Financial Corp. (NYSE: SNV) will announce fourth quarter 2019 results on Friday, January 24, 2020. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

  • New Strong Sell Stocks for December 13th
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  • Synovus Financial makes executive moves, names COO president
    American City Business Journals

    Synovus Financial makes executive moves, names COO president

    Synovus Financial Corp. is now the largest bank based in Georgia following SunTrust Banks Inc.'s absorption into Truist on Dec. 6.

  • Business Wire

    COO Kevin Blair Appointed Synovus President

    Synovus Financial Corp. (NYSE: SNV) today announced Kevin Blair as president, effectively immediately. He will continue in his role as chief operating officer (COO), reporting directly to Synovus Chairman and CEO Kessel Stelling. Blair previously served as the company’s chief financial officer (CFO) and was promoted to COO in December 2018.

  • Business Wire

    Synovus Announces Quarterly Dividends

    The Board of Directors of Synovus Financial Corp. has declared the following quarterly dividends:

  • Here is What Hedge Funds Really Think About Synovus Financial Corp. (SNV)
    Insider Monkey

    Here is What Hedge Funds Really Think About Synovus Financial Corp. (SNV)

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]

  • Why Is Synovus (SNV) Up 9% Since Last Earnings Report?
    Zacks

    Why Is Synovus (SNV) Up 9% Since Last Earnings Report?

    Synovus (SNV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Bank loans fuel new Broadway tower construction
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  • Sallie Mae (SLM) Q3 Earnings Top Estimates, Expenses Rise
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    Sallie Mae (SLM) Q3 Earnings Top Estimates, Expenses Rise

    Sallie Mae's (SLM) third-quarter 2019 results reflect top-line strength, partly muted by higher expenses.