With banks under pressure, value investors should be looking hard at these three financial stocks.
News & Analysis: Synovus Financial
SNV earnings call for the period ending June 30, 2019.
SNV earnings call for the period ending March 31, 2019.
SNV earnings call for the period ending December 31, 2018.
SNV earnings call for the period ending September 30, 2018.
In a rare situation, the bank has agreed to be acquired at a discount to its share price.
Want bigger dividend payouts? These three stocks may soon oblige.
Thanks to the restructuring of its capital and stock composition, Synovus saw its earnings per share skyrocket in the second quarter, but fell well short of the expectation of analysts.
Today, Synovus Financial reported its net income rose from $14.8 million in the first quarter of 2013 to $45.9 in 2014 thanks to big improvements in the credit quality of its loans.
Synovus has been diligent with its cost cutting initiative. However, investors need to know how the bank plans on allocating its future capital.