Synovus, UMB Financial get new Buy ratings at Citi in a look at regional banks

seekingalpha10-10

Citi initiated coverage of four regional banks that have attracted more investor interest after recent M&A transactions with Buy ratings on Synovus Financial (NYSE:SNV) and UMB Financial (NASDAQ:UMBF)...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474672500?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1910240095/image_1910240095.jpg","is_english":true,"pubTime":"2024-10-10 23:18","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2474672500","market":"hk","top_or_hot":-1,"title":"Synovus, UMB Financial get new Buy ratings at Citi in a look at regional banks","media":"seekingalpha","content":"<div>\n<p>Citi initiated coverage of four regional banks that have attracted more investor interest after recent M&A transactions with Buy ratings on Synovus Financial (NYSE:SNV) and UMB Financial (NASDAQ:UMBF)...</p>\n\n<a href=\"https://seekingalpha.com/news/4157624-synovus-umb-financial-get-new-buy-ratings-at-citi-in-a-look-at-regional-banks\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Synovus, UMB Financial get new Buy ratings at Citi in a look at regional banks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSynovus, UMB Financial get new Buy ratings at Citi in a look at regional banks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4157624-synovus-umb-financial-get-new-buy-ratings-at-citi-in-a-look-at-regional-banks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citi initiated coverage of four regional banks that have attracted more investor interest after recent M&A transactions with Buy ratings on Synovus Financial (NYSE:SNV) and UMB Financial (NASDAQ:UMBF)...</p>\n\n<a href=\"https://seekingalpha.com/news/4157624-synovus-umb-financial-get-new-buy-ratings-at-citi-in-a-look-at-regional-banks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNV","symbol_name":"西诺乌斯金融","start_time":0,"source_url":"https://seekingalpha.com/news/4157624-synovus-umb-financial-get-new-buy-ratings-at-citi-in-a-look-at-regional-banks","article_id":"2474672500","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1910240095/image_1910240095.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474672500","pubTimestamp":1728573487,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Citi initiated coverage of four regional banks that have attracted more investor interest after recent M&A transactions with Buy ratings on Synovus Financial (NYSE:SNV) and UMB Financial (NASDAQ:UMBF)","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"SNV":"西诺乌斯金融","BANC":"BANC OF CALIFORNIA","SSB":"South State Corporation","UMBF":"UMB金融"},"translate_title":"Synovus和UMB Financial获得花旗对区域银行的新买入评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BANC":0.9,"SNV":0.9,"SSB":0.9,"UMBF":0.9},"content_text":"Citi initiated coverage of four regional banks that have attracted more investor interest after recent M&A transactions with Buy ratings on Synovus Financial (NYSE:SNV) and UMB Financial (NASDAQ:UMBF). Analyst Benjamin Gerlinger assigned Neutral ratings to Banc of California (NYSE:BANC) and SouthState (NYSE:SSB). While Synovus (SNV) is likely to track the national trend of \"somewhat sluggish\" loan growth in Q3, its lending hires branch footprint boasting higher than the national average GDP outlook should generate multiyear loan growth that outpaces its peers. Gerlinger sees \"substantial opportunities\" after the company's acquisition of Heartland Financial (HTLF) to generate market-leading return on tangible common equity and to capture market share. In addition, \"we believe the combination of these two balance sheets is being overly discounted by consensus expectations,\" the analyst wrote in a note to clients. Meanwhile, Banc of California's (BANC) liability-sensitive balance sheet modest valuation premium and compressing expense outlook already appears to be priced into its valuation. SouthState's (SSB) premium valuation leaves little room for further multiple expansion near term. Citi prefers to wait for a more attractive entry point. However, the SA Quant rating prefers SouthState (SSB) over Synovus (SNV) and UMB Financial (UMBF). The SA Quant system has no rating on Banc of California (BANC). In Thursday morning trading, Synovus (SNV) stock rose 0.7%, UMB Financial (UMBF) was little changed, Banc of California (BANC) dropped 1.3%, and SouthState (SSB) fell 0.7%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474672500"}