IPOs bring tax jackpot for California; can lawmakers resist? [FOX Business Network]
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: FOX Business Network
IPOs bring tax jackpot for California; can lawmakers resist? article Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers. Continue Reading Below Though it's tough to gauge the total tax revenue all those profits will produce, it's not a stretch to estimate California will add $1 billion or more after the initial public offerings, or IPOs, are made. "I've never experienced anything like this," said Daniel Morgan, senior portfolio manager for the investment firm Synovus Trust. "It's definitely going to be a big lottery for everyone. Not only tech owners, but I think the state of California." It's an enticing opportunity for lawmakers to fund chosen causes — a temptation legislative leaders are trying to resist. Lawmakers can't count on the money being there every year, and Assembly Budget Chairman Phil T
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News
- AI won't have 'huge' effect on Big Tech earnings: Strategist [Yahoo! Finance]Yahoo! Finance
- Synovus Financial Corp. (NYSE: SNV) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $37.00 price target on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Truist Financial Co. from $45.00 to $39.00. They now have a "buy" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Royal Bank of Canada from $44.00 to $41.00. They now have an "outperform" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Piper Sandler from $46.00 to $42.00. They now have an "overweight" rating on the stock.MarketBeat
SNV
Earnings
- 4/17/24 - Miss
SNV
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- SNV's page on the SEC website