Synovus Stock Falls 2.1%, Fed Rate Cut to Hurt Q3 NII Growth
SNV provides its third-quarter 2024 outlook. NII is expected to be impacted by the muted loan growth environment and the impact of expected Federal Reserve rate cuts.
| Ticker |
Sentiment |
Impact |
|
RF
|
Neutral
|
23 %
|
|
SNV
|
Somewhat Bullish
|
44 %
|
