Synovus Finl Corp (NYSE:SNV)

CAPS Rating: 4 out of 5

A registered bank holding company that provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through bank subsidiaries.

Recs

1
Player Avatar hyllandresearch (< 20) Submitted: 8/26/2009 4:14:38 AM : Underperform Start Price: $24.39 SNV Score: +93.67

They were very optimistic during the most recent conference call...predicting a return to profitability by the first quarter of 2010. I don't see that happening as long as CRE does stop deteriorating very soon.

To quote them exactly: "One driver is commercial real estate". They think it won't follow the same path as residential real estate, I disagree.

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