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5 Reasons to Add Synovus Stock to Your Portfolio Now
Adding Synovus Financial Corp. (NYSE: SNV) stock to your portfolio seems to be a wise idea now. Supported by strong fundamentals, the company is well poised for growth.
The Zacks Consensus Estimate for SNV's 2024 earnings has been revised 4.9% upward in the past 30 days, indicating that analysts are optimistic regarding its earnings growth potential. SNV currently carries a Zacks Rank #2 (Buy).
In the past six months, the stock has risen 19.1% compared with the industry's growth of 16.9%.
Image Source: Zacks Investment Research
Let's delve into the other factors that make SNV an attractive investment option now.
Earnings Growth: The company's earnings have witnessed growth of 9.3% in the last three to five years. For 2024, SNV's earnings are expected to decline 1.5%, while the same is projected to rise 16% in 2025.
Synergy from Merger & Acquisitions: SNV has been investing through mergers and acquisitions to enhance its ...