Investing.com - Synovus (NYSE:SNV) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synovus announced earnings per share of $1.2 on revenue of $489.7M. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $489.29M.
Synovus shares are up 25.33% from the beginning of the year, still down 19.68% from its 52 week high of $50.51 set on March 18. They are outperforming the EUR/USD which is down 0% from the start of the year.
Synovus follows other major Financial sector earnings this month
Synovus's report follows an earnings beat by JPMorgan on July 13, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.2 on revenue of $29.97B.
UnitedHealth had beat expectations on Thursday with second quarter EPS of $4.7 on revenue of $71.32B, compared to forecast for EPS of $4.43 on revenue of $69.51B.
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