Breaking News Instant updates and real-time market news.

SNV

Synovus

$44.88

0.42 (0.94%)

06:39
07/18/17
07/18
06:39
07/18/17
06:39

Synovus reports Q2 provision for loan losses $472,090

Reports Q2 net charge-offs were $15.7M, up $8.8M from $6.9M in the previous quarter and up $9.5M from $6.1M in the Q2 of FY16.

SNV Synovus
$44.88

0.42 (0.94%)

07/17/17
RBCM
07/17/17
INITIATION
RBCM
Outperform
Synovus initiated with an Outperform at RBC Capital
RBC Capital analyst Jake Civiello expects Synovus to benefit from accelerating topline growth into 2018, increased focus on loan profitability maximization and improving operating efficiency. Target $51.
05/11/17
05/11/17
UPGRADE

Buy
Synovus upgraded to Buy at BofA/Merrill
As previously reported, BofA/Merrill upgraded Synovus to Buy from Neutral and raised its price target to $50. The firm views risk/reward as attractive given outlook for above average earnings growth and views it as an attractive M&A target for a larger bank given the attractiveness of its Southeast footprint.
05/11/17
BOFA
05/11/17
UPGRADE
BOFA
Buy
Synovus upgraded to Buy from Neutral at BofA/Merrill
03/30/17
SPHN
03/30/17
NO CHANGE
Target $64
SPHN
Overweight
TSYS could see 'a small benefit' from Cabela's sale, says Stephens
Stephens analyst Brett Huff thinks TSYS (TSS) could see "a small benefit" from the sale of Cabela's (CAB). After being delayed by regulatory approvals, The Wall Street Journal is reporting that Bass Pro would buy the retail ops, Synovus (SNV) would buy bank/co-branded credit card portfolio, and in turn selling the portfolio to Capital One (COF), he notes. The analyst points out that TSYS is Capital One's card issuing processor, and says he thinks the about 2M active cards would move to TSYS' platform. Huff reiterates an Overweight rating and $64 price target on TSYS's shares.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.