Investing.com - Synovus reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synovus announced earnings per share of $0.89 on revenue of $492.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.53 on revenue of $468.88M.
Synovus shares are down 39.18% from the beginning of the year and are trading at $23.84 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Synovus follows other major Financial sector earnings this month
Synovus's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on October 13 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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