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home / news releases / synovus financial securities portfolio is key to imp

SNV - Synovus Financial: Securities Portfolio Is Key To Improving Profitability

Synovus Financial Corp.

2024-06-05 16:37:57 ET

Summary

  • Synovus Financial is facing challenges with total loan growth and declining total deposits, impacting profitability.
  • The bank is implementing a strategy to reorganize its securities portfolio, reducing unrealized losses and improving average yield.
  • The reorganization plan may result in a decline in net income in the short term but is expected to improve profitability in the medium term.

Synovus Financial ( SNV ) is a bank established back in 1888 and headquartered in Columbus, Georgia....

For further details see:

Synovus Financial: Securities Portfolio Is Key To Improving Profitability
Stock Information
Company Name: Synovus Financial Corp.
Stock Symbol: SNV
Market: NYSE
Website: synovus.com
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