Synovus Financial Shares Jump On Strong Q3 Earnings: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Synovus Financial Corp. (NYSE:SNV) shares rose following strong Q3 earnings, with EPS of $1.23 beating estimates and revenue surpassing expectations. The company showed significant year-over-year improvements in net income and non-interest revenue.
October 17, 2024 | 5:25 pm
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Synovus Financial reported strong Q3 earnings, with EPS of $1.23 beating the consensus estimate of $1.08 and revenue of $564.72 million surpassing expectations. The company's net income and non-interest revenue showed significant year-over-year growth.
The strong earnings report, with both EPS and revenue exceeding expectations, is likely to positively impact Synovus Financial's stock price in the short term. The significant year-over-year growth in net income and non-interest revenue further supports a positive outlook.
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IMPORTANCE 90
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