Bank Watch: Synovus Financial
November 12, 2009 (FinancialWire) — Synovus Financial Corp. (NYSE: SNV) was one of the top three stocks among yesterday’s combined NYSE, NASDAQ and AMEX 25 greatest percentage losers, trading on volume of 6,764,700 shares and losing $59.5 million.
Synovus Financial Corp. operates as the bank holding company. It offers commercial banking services, including commercial, financial, agricultural, and real estate loans, as well as various retail banking services comprising accepting customary types of demand and savings deposits; making individual, consumer, installment, and mortgage loans; safe deposit services; leasing services; automated banking services; automated fund transfers; Internet based banking services; and bank credit card services, including MasterCard and Visa services. The company also provides professional portfolio management, investment banking, securities brokering, and individual investment advice; and trust, mortgage, insurance agency, financial planning, and asset management services.
Additional information about yesterday’s NYSE/NASDAQ/AMEX market activity is available via today’s “FirstAlert(tm) Money Index Synopsis” (http://www.financialwire.net/2009/11/12/firstalert-money-index-synopsis-7), which is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ/AMEX 25 most actives and NYSE/NASDAQ/AMEX greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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