Investing.com - Synovus reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Synovus announced earnings per share of $1.21 on revenue of $484.8M. Analysts polled by Investing.com anticipated EPS of $0.9331 on revenue of $486.73M.
Synovus shares are up 9% from the beginning of the year and are trading at $46.54 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.84% from the start of the year.
Synovus follows other major Financial sector earnings this month
Synovus's report follows an earnings beat by JPMorgan on April 14, who reported EPS of $4.5 on revenue of $33.12B, compared to forecasts EPS of $3.1 on revenue of $30.49B.
UnitedHealth had beat expectations on Thursday with first quarter EPS of $5.31 on revenue of $70.2B, compared to forecast for EPS of $4.39 on revenue of $69.07B.
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