Synovus (SNV)

[FUNMAN]

Synovus notches 2nd upgrade in two days • 1:48 PM

Synovus (SNV +2.7%) is ahead for a 2nd straight day after KBW upgrades the stock to Outperform. Yesterday, it was Raymond James which boosted the name to Outperform.
Both moves come following the bank's 1:7 reverse stock split in May - one of the reasons for which was to garner more institutional interest.



I never sold the last of my position before the split and am enjoying this steady post-split rise.

Reverse splits are usually a kiss of death, but it truly seems to be doing exactly what they had hoped for. After all, nothing else changed at the bank between this month and April.