Synovus Financial traded at $50.05 this Wednesday December 31st, decreasing $1.28 or 2.49 percent since the previous trading session. Looking back, over the last four weeks, Synovus Financial lost 1.87 percent. Over the last 12 months, its price fell by 1.55 percent. Looking ahead, we forecast Synovus Financial to be priced at 48.98 by the end of this quarter and at 45.90 in one year, according to Trading Economics global macro models projections and analysts expectations.
Synovus Financial Corp. is a financial services company and a registered bank holding company. The Company operates through its wholly owned subsidiary bank, Synovus Bank. It operates through three segments: Community Banking, Wholesale Banking and Financial Management Services (FMS). The Community Banking business segment serves customers using a relationship-based approach through its branch, ATM, commercial, and private wealth network in addition to mobile, Internet, and telephone banking. The Wholesale Banking business segment serves primarily larger corporate customers by providing commercial lending and deposit services through specialty teams, including middle market, senior housing, national accounts and others. The FMS business segment serves its customers by providing mortgage, trust services, and professional portfolio management for fixed-income securities, investment banking, asset management, financial planning and family office services.