Synovus Financial Corp. (SNV) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Synovus Financial Corp. (SNV) reported quarterly earnings results on Tuesday, Apr-19-2016. The company reported $0.43 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.44. Analysts expectations of $275.54 million. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Synovus Financial Corp.. Synovus Financial Corp. was Downgraded by Morgan Stanley to ” Underweight” on Feb 11, 2016.

Synovus Financial Corp. opened for trading at $30.12 and hit $30.99 on the upside on Monday, eventually ending the session at $30.95, with a gain of 2.18% or 0.66 points. The heightened volatility saw the trading volume jump to 17,53,419 shares. Company has a market cap of $3,910 M.

In a different news, on Feb 4, 2016, Allan E Kamensky (EVP and Corporate Secretary) purchased 3,450 shares at $28.85 per share price. According to the SEC, on Jan 22, 2016, Tim E Bentsen (director) purchased 2,700 shares at $28.09 per share price. On Nov 9, 2015, Joseph J Jr Prochaska (director) purchased 1,800 shares at $33.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services including commercial and retail banking financial management insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank Synovus Bank and other offices in Georgia Alabama South Carolina Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services and bank credit card services including MasterCard and Visa services. The Company’s commercial banking services include cash management asset management capital markets services institutional trust services and commercial financial and real estate loans.

Synovus Financial Corp.

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