Investing.com - Synovus reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synovus announced earnings per share of $1.35 on revenue of $509.38M. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $492.11M.
Synovus shares are up 10% from the beginning of the year and are trading at $50.99 , down-from-52-week-high.They are outperforming the Nasdaq which is down 8.34% from the start of the year.
Synovus follows other major Financial sector earnings this month
Synovus's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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