Crisis in Gulf could benefit SunTrust, Synovus
Press release from the issuing company
Friday, June 18th, 2010
The BP oil spill is disrupting tourism, fisheries and scores of other businesses on the Gulf Coast, but at least one influential Wall Street bank analyst says the crisis could turn into something positive for SunTrust Banks and Synovus Financial.
"I think the banks are going to benefit big-time from this oil spill if BP doesn't go under," said Richard X. Bove of Rochdale Securities. (read more at ajc.com)
