Latest news with #SynovusFinancial
Yahoo
a day ago
- Business
- Yahoo
Citi Raises Price Target for Synovus Financial (SNV), Keeps Buy Rating
Synovus Financial Corp. (NYSE:SNV) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Citi increased its price target for Synovus Financial Corp. (NYSE:SNV) from $57 to $65 and reiterated a Buy rating. Citi pointed out the company's strong quarterly loan growth, which the firm sees as one of the bank's best performances in recent years. A woman signing a mortgage loan in a modern banking hall. The investment firm also noted that Synovus Financial Corp. (NYSE:SNV) plans to make a significant number of new hires over the next two to three years. This move is expected to help the company become a more growth-focused regional bank in the Southeast. Additionally, Citi highlighted Synovus Financial Corp.'s (NYSE:SNV) strong expense management and credit trends that have consistently performed better than expected. This has contributed to positive shareholder value in both the short and the long term. Citi slightly reduced its 2026 projections for Synovus Financial Corp. (NYSE:SNV), mainly because of talent acquisition and investment-related expenses. However, Citi's analysis suggests that these expenses will likely help improve shareholder value in the long term. Synovus Financial Corp. (NYSE:SNV) is an American financial services company that offers commercial and consumer banking and a full range of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. While we acknowledge the potential of SNV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Comerica (CMA) To Report Earnings Tomorrow: Here Is What To Expect
Financial services company Comerica (NYSE:CMA) will be reporting results this Friday morning. Here's what you need to know. Comerica missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $815.2 million, up 4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' tangible book value per share estimates. Is Comerica a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Comerica's revenue to grow 2.3% year on year to $843.1 million, a reversal from the 10.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 14 analysts). Comerica has missed Wall Street's revenue estimates four times over the last two years. Looking at Comerica's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fulton Financial's revenues decreased 3.2% year on year, beating analysts' expectations by 1.9%, and Synovus Financial reported revenues up 93.9%, topping estimates by 1.5%. Fulton Financial's stock price was unchanged following the results. Read our full analysis of Fulton Financial's results here and Synovus Financial's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 10.4% on average over the last month. Comerica is up 12.7% during the same time and is heading into earnings with an average analyst price target of $61.47 (compared to the current share price of $62). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
7 days ago
- Business
- Yahoo
Comerica (CMA) To Report Earnings Tomorrow: Here Is What To Expect
Financial services company Comerica (NYSE:CMA) will be reporting results this Friday morning. Here's what you need to know. Comerica missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $815.2 million, up 4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' tangible book value per share estimates. Is Comerica a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Comerica's revenue to grow 2.3% year on year to $843.1 million, a reversal from the 10.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 14 analysts). Comerica has missed Wall Street's revenue estimates four times over the last two years. Looking at Comerica's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fulton Financial's revenues decreased 3.2% year on year, beating analysts' expectations by 1.9%, and Synovus Financial reported revenues up 93.9%, topping estimates by 1.5%. Fulton Financial's stock price was unchanged following the results. Read our full analysis of Fulton Financial's results here and Synovus Financial's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 10.4% on average over the last month. Comerica is up 12.7% during the same time and is heading into earnings with an average analyst price target of $61.47 (compared to the current share price of $62). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
7 days ago
- Business
- Yahoo
Regions Financial (RF) Reports Q2: Everything You Need To Know Ahead Of Earnings
Regional banking company Regions Financial (NYSE:RF) will be announcing earnings results this Friday morning. Here's what to expect. Regions Financial missed analysts' revenue expectations by 2.2% last quarter, reporting revenues of $1.78 billion, up 2.1% year on year. It was a slower quarter for the company, with a slight miss of analysts' net interest income estimates. Is Regions Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Regions Financial's revenue to grow 7% year on year to $1.85 billion, a reversal from the 11.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 10 analysts). Regions Financial has missed Wall Street's revenue estimates five times over the last two years. Looking at Regions Financial's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fulton Financial's revenues decreased 3.2% year on year, beating analysts' expectations by 1.9%, and Synovus Financial reported revenues up 93.9%, topping estimates by 1.5%. Fulton Financial's stock price was unchanged following the results. Read our full analysis of Fulton Financial's results here and Synovus Financial's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 10.4% on average over the last month. Regions Financial is up 11.5% during the same time and is heading into earnings with an average analyst price target of $25.48 (compared to the current share price of $24.01). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
15-07-2025
- Business
- Yahoo
Synovus Financial (SNV) Reports Earnings Tomorrow: What To Expect
Regional banking company Synovus Financial (NYSE:SNV) will be reporting results this Wednesday after the bell. Here's what you need to know. Synovus Financial met analysts' revenue expectations last quarter, reporting revenues of $570.9 million, up 6.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EPS estimates and a solid beat of analysts' net interest income estimates. Is Synovus Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Synovus Financial's revenue to grow 91.1% year on year to $585.1 million, a reversal from the 46.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Synovus Financial has missed Wall Street's revenue estimates four times over the last two years. Looking at Synovus Financial's peers in the banks segment, only FB Financial has reported results so far. It missed analysts' revenue estimates by 43.5%, posting year-on-year sales declines of 40.1%. Read our full analysis of FB Financial's earnings results here. There has been positive sentiment among investors in the banks segment, with share prices up 11.6% on average over the last month. Synovus Financial is up 14.3% during the same time and is heading into earnings with an average analyst price target of $59.44 (compared to the current share price of $54.69). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
