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Stock impact report

Health, tech, staples could shine through U.S. earnings gloom [Toronto Globe and Mail (Ontario, Canada)]

Synovus Financial Corp. (SNV) 
Last synovus financial corp. earnings: 4/24 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.synovus.com
Health, tech, staples could shine through U.S. earnings gloom A person wearing a face mask walks along Wall Street on March 6. Andrew Kelly/Reuters A person wearing a face mask walks along Wall Street on March 6. As U.S. companies gear up for what may be the gloomiest reporting period since the financial crisis, the consumer staples, health care and technology sectors could be comparative bright spots. Most sectors are expected to bring dire news this earnings season in the wake of the U.S. coronavirus outbreak, which has produced the most cases of any country. Economists widely expect a severe economic downturn as a result. Given the outbreak is expected to have hampered a broad swath of the economy in the first quarter, analysts are forecasting an 8.1% drop in earnings from the previous year, down from estimated profit growth of 6.3% at the start of the year, according to IBES data from Refinitiv. That would be the biggest earnings decline since the third quarter of 2009, when pr Show less Read more
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