Wall St. rises on strong jobs data; tech stocks climb [Reuters]
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: Reuters
Wall Street climbs on strong jobs data, tech rally | Reuters 4 Min Read (Reuters) - U.S. stocks rose on Friday after the latest monthly jobs report pointed to strength in the world’s largest economy and cemented expectations of at least two more rate hikes by the Federal Reserve this year. Technology stocks led the rally, with gains in behemoths such as Apple ( AAPL.O ), Microsoft ( MSFT.O ) and Alphabet ( GOOGL.O ) lifting the S&P tech index .SPLRCT to a record high. Government data showed the U.S. economy added 223,000 jobs in May, while the average hourly earnings rose 0.3 percent after edging up 0.1 percent in April, both topping estimates by economists polled by Reuters. The data showed a drop in the unemployment rate to an 18-year low of 3.8 percent, indicating a rapidly tightening labor market conditions. “Today’s information shows the economy is starting to hit a very big growth stride. This will translate to wage growth and some level of acceptable inflation that will b
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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
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 3/12/24 - Form ARS
- SNV's page on the SEC website