- Investing.com
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services in the United States. It operates in four segments: Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services. The company provides commercial banking services, including commercial, financial, real estate lending, treasury management, asset management, capital markets services, and institutional trust services; consumer banking services, such as accepting customary types of demand and savings deposit accounts, mortgage, installment, and other consumer loans, investment and brokerage services, safe deposit services, automated banking services; automated fund transfers, internet-based banking services, and bank credit and debit card services. It also engages in portfolio management for fixed-income securities investment banking; the execution of securities transactions as a broker/dealer; and the provision of individual investment advice on equity and other securities, and financial planning services. The company was founded in 1888 and is headquartered in Columbus, Georgia.
Financial Resilience | Synovus reports strong Q2 2024 results, exceeding expectations with core EPS of $1.16, driven by improved margins and fee trends |
Strategic Pivot | Explore Synovus's shift from defense to growth, including expanded RM hiring and balance sheet optimization for enhanced shareholder value |
Market Positioning | Delve into Synovus's competitive advantage in the growing southeastern U.S., supporting its premium valuation and scalability potential |
Future Prospects | Analyst price targets range from $47 to $66, with an average of $58.45, reflecting optimism about post-2025 growth opportunities |
Metrics to compare | SNV | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipSNVPeersSector | |
---|---|---|---|---|
P/E Ratio | 13.0x | 9.7x | 9.1x | |
PEG Ratio | 0.61 | −0.55 | 0.03 | |
Price/Book | 1.4x | 1.1x | 1.0x | |
Price / LTM Sales | 3.4x | 3.3x | 2.7x | |
Upside (Analyst Target) | 15.2% | 18.8% | 14.1% | |
Fair Value Upside | Unlock | 17.6% | 3.4% | Unlock |