Synovus Financial - US Regional Bank Impresses With Strong Consumer and Commercial Lending!

Business Drivers: The regional bank Synovus Financial (SNV) , based in the US states of Georgia, Alabama, South Carolina, Florida, and Tennessee, has recently impressed with very strong Q2 results, primarily thanks to robust demand in mortgage financing and in the consumer and commercial lending business. Subsequently, it also revised its revenue forecast for the current fiscal year upwards. According to a report published by Bloomberg on July 22, there have been recent negotiations about a potential acquisition or merger with another financial...