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Stock impact report

Synovus's Performance Has Not Been Good Enough To Shift Sentiment [Seeking Alpha]

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary Pre-provision profits came in below expectations on higher spending, and management guided to even higher spending in 2020. Building up the bank's revenue generation capabilities to take advantage of dislocations in the market makes sense, but Synovus shares could really use some beat-and-raise quarters to improve sentiment. Synovus continues to trade at a meaningful discount to fair value, but ongoing misses on operating leverage are problematic. The line between “patient, long-term investor” and “wrong” can be fuzzy in the best of times and is sometimes only visible in hindsight. That’s something to keep in mind with SNV I had said back at the time of the deal I do believe there is a good bank here with better-than-average growth potential, but management’s decision to increase spending in 2020 to take advantage of disruptions and opportunities in its operating footprint (particularly, but not exclusively, the Truist Financial Corp. TFC A Mixed Quarter, But Weakness Where It Show less Read more
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