On Thursday, Synovus Financial Corp. (SNV) announced plans for a one-for-seven reverse stock split of its common shares. Investors weren’t enthusiastic about the news, sending SNV stock down about 1% in Friday morning trading. Slightly less than 90% of ...
We’re back from a visit to Columbus, Georgia last week, where we spent time with the management of Synovus Financial (NYSE:SNV). We are very bullish on Synovus, you may recall; the stock is one of the largest positions in the fund we manage. Our bottom ...
BANGALORE, April 20 (Reuters) - Troubled lender Synovus Financial Corp (SNV.N) posted a wider quarterly loss, and said it was exploring all capital-raising measures, partly in response to “regulatory expectations.” Shares of the bank fell 10 percent to ...
Reuters · 8y
Synovus Financial Corp. is set to buy back 967,870 shares of Series A preferred stock from the U.S. Treasury for $967.87 million, the company announced Friday. The shares were initially issued as part of the government's Troubled Asset Relief Program.
al.com · 4y
Following the news of reverse stock split, shares of Synovus Financial Corp. (NYSE: SNV) slipped 2.44% to close at $3.20. This is a typical trend that stocks witness if they take reverse stock split action as existing investors take it negatively for ...
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) announced today that the previously announced one-for-seven reverse stock split of Synovus’ common stock, par value $1.00 per share, became effective at 4:15 p.m. EDT on May 16, 2014.
At its heart, the lawsuit alleges Synovus and its top executive officers misled shareholders and did not write off loan losses connected to Sea Island in a timely manner. It said the company’s stock was trading at “artificially inflated prices ...
Some of the biggest gainers among financial stocks include: Ocwen Financial Corp (OCN): OCN stock is up 2.5% today. Synovus Financial Corp (SNV): SNV stock is up 2.2% today. Citigroup Inc (C): C stock is up 2.1% today. Texas Capital Bancshares (TCBI): TCBI ...
Synovus (NYSE: SNV) has announced the distribution ratio for the previously-announced spin-off of the shares of TSYS common stock currently owned by Synovus. On December 31, 2007, Synovus will distribute 0.484 of a share of TSYS common stock for each share ...
Cisco’s stock has climbed 18 percent and is the second biggest gainer ... ORCL - this has been a somewhat of a slow process,” said Dan Morgan, portfolio manager at Synovus Trust Company, who owns 362,980 shares of …
Reuters · 4d