Business & Finance
Business and Finance
Business and Finance
Fri, February 18, 2011 Equity Research on Synovus Financial Corp. and Bank of America Corporation - Some Good News Amidst Struggling Mid-Atlantic Bank
NEW YORK, NY--(Marketwire - February 18, 2011) - [ www.shinesroomonline.com ] has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the regional - mid-Atlantic banks industry and are offering free analytical research on Synovus Financial Corp. (
Many companies in the Regional Mid-Atlantic banking sector have fallen on tough times. This includes Synovus Financial Corp. which posted a loss in its most recent Q4 earnings report despite lowering loan loss provisions and improving credit. Synovus Financial Corp. report is accessible for free by registering today at [ http://www.shinesroomonline.com/reports/February1811SynovusFinancialCorp.(SNV)180211.php ].
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Synovus Financial had $252.41 million in loan loss provisions this Q4 compared to $387.1 million last year. This marked the tenth consecutive quarter Synovus has been in the red as many in the banking sector are reeling from bad loans and a harsher regulatory environment. The company is cutting its work force and closing branches in an attempt to save money. Visit [ www.shinesroomonline.com ] to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
Despite Synovus's woes, some aspects are improving within the Mid-Atlantic Banking sector. Bank of America Corporation recently announced that January's rate of credit card debt write offs fell. Also good news was the rising level of revolving debt which helps the sector to accrue more revenue from fees and interest. With more mortgage related losses potentially on the way, any positive report is good news for investors. Bank of America Corporation's research report is available for free by signing up now at [ http://www.shinesroomonline.com/reports/February1811BankofAmericaCorporation(BAC)180211.php ]
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