SNV provides its third-quarter 2024 outlook. NII is expected to be impacted by the muted loan growth environment and the impact of expected Federal Reserve rate cuts.
Synovus (SNV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Synovus (SNV) is well poised to gain from strategic mergers and acquisitions and balance sheet strength.