SNV Stock Summary and Trading Ideas (Synovus Financial Corp. | NYSE:SNV)

Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.

Synovus Financial Corp. trades on the NYSE stock market under the symbol SNV.

As of April 17, 2025, SNV stock price climbed to $41.29 with 2,590,949 million shares trading.

SNV has a beta of 1.69, meaning it tends to be more sensitive to market movements. SNV has a correlation of 0.52 to the broad based SPY ETF.

SNV has a market cap of $5.82 billion. This is considered a Mid Cap stock.

Last quarter Synovus Financial Corp. reported $571 million in Revenue and $1.30 earnings per share. This beat revenue expectation by $810,000 and exceeded earnings estimates by $.18.

In the last 3 years, SNV traded as high as $59.92 and as low as $24.40.

The top ETF exchange traded funds that SNV belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

SNV has outperformed the market in the last year with a return of +16.9%, while the SPY ETF gained +6.0%. However, in the most recent history, SNV shares have underperformed the stock market with its stock returning -23.1% in the last 3 month period and -11.7% for the last 2 week period, while SPY has returned -10.7% and -6.8%, respectively.

SNV support price is $39.07 and resistance is $41.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNV shares will trade within this expected range on the day.