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Georgia's Largest Banks - Financial Health and Share Prices

Wednesday, April 14, 2010 - 1:27 PM
In the last few years, there have been more bank failures in Georgia than in any other state. Even though some large banks based in Georgia continue to have financial difficulties, stock share prices of some of these banks have gone up substantially this year. Here are two examples mentioned in this TheStreet article
Shares of SunTrust, which dominates Georgia banking, have risen 41% this year, compared with the S&P 500 Financials Index's 15% increase. The broader S&P 500 Index has climbed 7%. Synovus, which is consolidating its 30 bank charters by mid-year, has soared 68%.
The article goes on to mention that these two are probably overvalued.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
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