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What's Ahead for Synovus After Quarterly Earnings Miss

Synovus Financial (SNV - Get Report) , the Columbus, Ga.-based bank company, missed analysts profit estimates by a penny amid lower revenue from fees and financial management services

Shares of Synovus, which has a market value of $3.9 billion, gained 0.6% to $31.12 at the close of trading in New York. They dipped nearly 1% earlier.

Earnings of 43 cents a share, excluding litigation and restructuring costs, compared with the Wall Street consensus of 44 cents. On a net basis, profit fell 2.8% to $50 million, or 39 cents a share. Revenue climbed nearly 1% to $281.3 million.

"This was a good quarter, despite...


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