The retirement of two members of the Synovus Financial Corp. (NYSE:SNV) board of directors will make room for two new faces. Synovus Financial Corp. (NYSE:SNV) stock opened at $3.41 in last session, and closed at $3.44, while the day range of stock is $3.41 – $ 3.46. The stock showed a negative weekly performance of -0.86%.
Credit Suisse upgraded BankUnited (NYSE:BKU) to “outperform” from “neutral” with a $37 price target. The firm said the bank offers industry-leading growth and deserves a higher multiple. BankUnited (NYSE:BKU) stock opened at $32.37, in last session and closed at $32.89, by gaining 3.33%. The 52 week range of the stock is $24.17 – $ 33.99. Company’s market capitalization is $3.32 billion.
BB&T Corporation (NYSE:BBT) reported better-than-expected fourth-quarter results. A significant fall in provision for credit losses and prudent expense management were the primary drivers. BB&T reported the results on Jan 16 with adjusted earnings surpassing the Zacks Consensus Estimate. Earnings also increased on a year-over-year basis. BB&T Corporation (NYSE:BBT) stock advanced 1.29% and finished the last session at $37.70. The EPS of the stock remained 2.19. Company’s market capitalization is $26.64 billion.
In January, United Community Banks Inc. (NASDAQ:UCBI) redeemed its TARP preferred shares, using methods that were likely cheaper than its cost of capital, which investment bankers usually say ranges between 8% and 12% for banks. United Community Banks, Inc. (NASDAQ:UCBI) stock opened the session at $16.19, and closed the session at $16.61. The 52 week range of the stock remained $10.15 – $19.35 and the day range was $16.19 -$16.67.
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