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SNV - Hedging And Cost Control Enough For Regions Financial To Outperform
Synovus Financial Corp.
There is no shortage of bank stocks that look undervalued today, but the key is to find banks that will somehow stand out in the next, more challenging, phase of the cycle – a cycle that will see spread compression from rate cuts, so-so loan growth prospects, and rising credit costs. I thought that Regions Financial (RF) was undervalued back in January but lacking in catalysts, and the shares have lagged regional bank indices by about 3% to 6% since then.
Regions is looking a little more interesting to me now, though. Management’s