Synovus Financial Corp. (NYSE: SNV) is the latest BUY from AbleMarkets

Post date: 2023-01-20 00:36:58 GMT

The traditional way of analyzing and rating stocks is very time-consuming and can take up to two weeks. By that time, the stock might have already moved significantly. AbleMarkets Corporate Filings AI processes all the corporate filings filed each business day. This function was traditionally delegated to Equity analysts who could take as long as 2 weeks to write a report on whether a given stock was a buy, a sell or a hold. With our proprietary AI, AbleMarkets is able to issue accurate recommendation overnight, so that you can start the next morning with accurate ratings for all the companies that filed the previous business day.

Synovus Financial Corp. (NYSE: SNV) is the latest buy recommendation from AbleMarkets Corporate Filings AI.

Synovus Financial Corp. (NYSE: SNV) reported their fourth quarter 2022 earnings on January 18, showing net income available to common shareholders of $197.5 million or $1.35 per diluted share. This was up $0.02 from the previous quarter and up $0.04 compared to the fourth quarter of 2021. Total revenue of $603.8 million increased 4% sequentially and 19% compared to the fourth quarter of 2021, and pre-provision net revenue of $294.8 million increased 2% sequentially and 38% compared to the prior year quarter. Credit quality metrics remained stable, and the preliminary CET1 ratio of 9.63% grew 11 bps sequentially as capital generation continued to support client loan growth. You can find complete regulatory disclosure here.

This morning, the positive prediction for SNV was up on our app. SNV opened slightly higher, but there was still lots of room to purchase the stock at a substantially low price. The AbleMarkets Corporate Filings AI has revolutionized the way investors analyze and rate stocks. With AI, investors are able to make informed decisions overnight and start the next day with accurate ratings for all companies that filed the previous business day. This technology has enabled investors to stay ahead of the curve and capitalize on market opportunities.