Investing.com - Synovus reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synovus announced earnings per share of $1.17 on revenue of $522.65M. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $521.04M.
Synovus shares are down 20% from the beginning of the year and are trading at $38.89 , down-from-52-week-high.They are under-performing the S&P 500 which is down 16.92% from the start of the year.
Synovus follows other major Financial sector earnings this month
Synovus's report follows an earnings missed by JPMorgan on July 14, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
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