Synovus Financial (SNV)

High-quality, trusted regional bank. Merging with Pinnacle, showing good promise for even short-term growth. Trades at a good multiple. Loan growth is good. Yield curve is steepening, with short-term interest rates falling, and that's very good for banks. A fair bit of capital markets business is also happening. Yield is 3.40%.

Almost bought at under $2 a few months ago. This is in recovery mode. Just sold off a big part of their distressed portfolio. On the one hand, it sounds good but on the other hand it depends on what the value of that is, relative to what they got. It’s on his watch list. Would consider at under $2.