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Synovus Financial: Expense Savings To Drive Earnings

May 06, 2021 4:32 PM ETSynovus Financial Corp. (SNV)2 Comments
Sheen Bay Research profile picture
Sheen Bay Research


  • Due to the high level of loan loss reserves, the provision expense will likely remain subdued in the remainder of the year.
  • Cost-saving initiatives will likely reduce non-interest expenses this year.
  • The federal stimulus will likely drive deposit growth, which will boost relatively low-yielding earning assets.
  • The year-end target price suggests a small upside from the current market price. Moreover, the company is offering a low dividend yield.

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The earnings of Synovus Financial Corp. (NYSE: NYSE:SNV) will likely trend upwards this year because of cost savings from initiatives under the Synovus Forward program. Moreover, the provision expense will likely remain subdued in

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Sheen Bay Research profile picture
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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Comments (2)

ForeverGreen515 profile picture
Synovus Financial has performed very well for me. Bought a full position for myself in the low $18's. Very happy to have locked in a Great Dividend Yield.
ReturnOnEquity profile picture
@ForeverGreen515 Bought it at 19$ and really loving it
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