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Synchrony Finl

Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).

Synchrony Financial

AB Active ETFs, Inc. AB Short Duration High Yield ETF

Synchrony Financial 8.25% PRF PERPETUAL USD 25 - Dep rep 1/40 Ser B

Synchrony Financial Depositary Shares, each Representing a 1/40th Interest in a Share of 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A

Synchrony Financial Depositary Shares Each Representing a 1/40th Interest in a Share of 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B

Evercore ISI Group analyst John Pancari maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Outperform and raises the price target from $58 to $65.

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Evercore ISI Group Maintains Outperform on Synchrony Finl, Raises Price Target to $65

Synchrony and JCPenney have partnered for more than two decades to manage and service rewards-rich credit cards for JCPenney customers at the retailer's more than 650 stores in the U.S. and Puerto Rico, as well as JCPenney.com.

Synchrony Enters Long-Term Extension Of Nearly 25-year Partnership With JCPenney

TD Cowen analyst Moshe Orenbuch maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Buy and raises the price target from $60 to $62.

TD Cowen Maintains Buy on Synchrony Finl, Raises Price Target to $62

Wells Fargo analyst Donald Fandetti maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Equal-Weight and raises the price target from $53 to $60.

Wells Fargo Maintains Equal-Weight on Synchrony Finl, Raises Price Target to $60

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is expanding its payment offerings within Apple Pay, providing users with more flexible online and <a target="_blank" href="https://www.apple.com/newsroom/2024/10/apple-celebrates-10-years-of-apple-pay/" rel="noreferrer noopener">in-app purchase options</a>. The company is introducing installment loan features and increasing the availability of rewards programs.
With the release of iOS 18, eligible U.S. users can now access installment loan options from buy-now-pay-later company Affirm Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) when using Apple Pay online or in apps.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41318842/affirm-set-to-drive-gmv-growth-from-lower-interest-rates-and-apple-pay-partnership-" rel="noreferrer noopener">Affirm Set To Drive GMV Growth From Lower Interest Rates And Apple Pay Partnership &#8211; Analyst Upgrades Stock</a>
Similarly, users in the U.K. can take advantage of installment plans through Monzo Flex, allowing them to spread out payments over time. Additionally, U.S. and U.K. users can now opt for Klarna's flexible payment options at checkout.
Apple isn&#8217;t stopping there, future updates will allow users in the U.S. to access installment payment options from several significant issuers, including Citigroup, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), with more options available through participating Apple Pay issuers like Fiserv, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>).
This feature will extend internationally, with planned rollouts in Australia through ANZ, Singapore via DBS, and Spain with CaixaBank. In the U.K., users can access installment payments from HSBC, NewDay, and Zilch.
Global BNPL transactions have the potential to grow by $450 billion between 2021 and 2026 as per <a href="https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/">Statista</a>.
Apple Pay is also expanding its usability on third-party web browsers.
Furthermore, starting next year, <a target="_blank" href="https://www.benzinga.com/fintech/24/09/40731875/paypal-ventures-into-in-person-payments-with-apple-pay-integration-and-cashback-rewards" rel="noreferrer noopener">U.S. customers using</a> PayPal Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) in Apple Wallet will be able to see their PayPal balance when using their PayPal debit card.
Apple <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39372969/apple-revises-payment-options-reportedly-ends-buy-now-pay-later-service" rel="noreferrer noopener">phased out its</a> BNPL service, Apple Pay Later, earlier in 2024, offering BNPL users the ability to manage loans through the Wallet app.
<a target="_blank" href="https://www.benzinga.com/fintech/24/05/38873362/visa-rolls-out-new-tech-rivaling-apple-pay-teams-up-with-affirm-for-easier-transactions" rel="noreferrer noopener">Earlier in 2024</a>, Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) launched a new e-commerce tech with facial recognition payments like Apple Pay and simplified payment methods in partnership with Affirm.
Price Action: AAPL stock is down 0.19% at $232.21 at last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41256171/affirm-earns-stock-upgrade-morgan-stanley-says-apple-pay-integration-expected-to-dr" target="_blank" rel="noreferrer noopener">Affirm Earns Stock Upgrade, Morgan Stanley Says Apple Pay Integration Expected To Drive $1.94B In Transactions</a></li>
</ul>
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Apple Pay Expands Buy Now, Pay Later With Affirm, Adds Support For Third-Party Browsers And More

Barclays analyst Mark Devries maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Equal-Weight and raises the price target from $49 to $59.

Barclays Maintains Equal-Weight on Synchrony Finl, Raises Price Target to $59

Jefferies analyst John Hecht maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Buy and raises the price target from $60 to $65.

Jefferies Maintains Buy on Synchrony Finl, Raises Price Target to $65

Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) reported better-than-expected third-quarter financial results and raised its FY24 EPS guidance above<a href="https://www.benzinga.com/news/earnings/24/10/41354299/synchrony-financial-q3-earnings-29-profit-growth-raised-fy24-forecast-more"> estimates on Wednesday</a>.
Synchrony Financial reported third-quarter net interest income of $4.609 billion, beating the consensus of $4.491 billion. Net interest income increased 5.7% YoY, driven by higher interest and fees on loans, partially offset by an increase in interest expense from higher benchmark rates and higher interest-bearing liabilities.
Net revenue rose 9.8% to $3.814 billion. Net interest margin declined 32 basis points to 15.04%. Net earnings increased 29% year over year to $789 million. The company reported EPS of $1.94, above the consensus of $1.81.
"The unique combination of Synchrony's industry expertise, proprietary data and analytics, and innovative digital capabilities is powering our trajectory forward, and we believe we are well-positioned to drive sustainable and strong risk-adjusted returns over the long-term," commented Brian Wenzel, Synchrony's Executive Vice President and Chief Financial Officer.
For FY24, Synchrony now expects EPS of $8.45 – $8.55 (prior $7.60 – $7.80) versus the $7.79 consensus; this assumes no late fee rule implementation in 2024.
Synchrony shares fell 0.4% to trade at $56.30 on Thursday.
These analysts made changes to their price targets on Synchrony following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59638167988ca80001c2ff63/mark-devries">Deutsche Bank analyst Mark Devries</a> maintained Synchrony Finl with a Buy and raised the price target from $58 to $68.</li>
<li>JMP Securities analyst David Scharf maintained the stock with a Market Outperform and raised the price target from $60 to $68.</li>
<li>Morgan Stanley analyst Betsy Graseck maintained Synchrony Finl with an Underweight and raised the price target from $37 to $40.</li>
<li>RBC Capital analyst Jon Arfstrom maintained Synchrony Finl with a Sector Perform and raised the price target from $55 to $62.</li>
</ul>
Considering buying SYF stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17093744/image-152-1024x510.png" alt="" class="wp-image-600768" style="width:763px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17093744/image-152-1024x510.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17093744/image-152-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17093744/image-152-768x383.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17093744/image-152.png 1338w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Synchrony Financial Analysts Boost Their Forecasts Following Upbeat Q3 Earnings

RBC Capital analyst Jon Arfstrom maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Sector Perform and raises the price target from $55 to $62.

RBC Capital Maintains Sector Perform on Synchrony Finl, Raises Price Target to $62

Morgan Stanley analyst Betsy Graseck maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Underweight and raises the price target from $37 to $40.

Morgan Stanley Maintains Underweight on Synchrony Finl, Raises Price Target to $40

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham raised Clear Secure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) price target from $40 to $45. Needham analyst Joshua Reilly maintained a Buy rating. Clear Secure shares gained 5.2% to close at $37.35 on Wednesday. See how other analysts view this stock.</li>
<li>HC Wainwright &amp; Co. boosted the price target for Phunware, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) from $7 to $9. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Phunware shares climbed 17.6% to close at $6.34 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised the price target for Jack Henry &amp; Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) from $186 to $195. Baird analyst David Koning maintained a Neutral rating. Jack Henry &amp; Associates shares gained 0.5% to close at $185.67 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) price target from $14 to $16. B of A Securities analyst George Staphos upgraded the stock from Neutral to Buy. O-I Glass shares fell 0.3% to close at $12.73 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) price target from $58 to $68. Deutsche Bank analyst Mark Devries maintained a Buy rating. Synchrony Financial shares gained 6.1% to close at $56.52 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $600 to $650. Mizuho analyst James Lee maintained an Outperform rating. Meta shares fell 1.6% to close at $576.79 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised the price target for DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) from $152 to $173. Benchmark analyst Mark Zgutowicz maintained a Buy rating. DoorDash shares gained 0.7% to settle at $149.86 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lennox International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) price target from $575 to $650. Mizuho analyst Brett Linzey maintained an Outperform rating. Lennox International shares gained 0.9% to close at $600.54 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley increased the price target for Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) from $107 to $117. Morgan Stanley analyst David Lewis maintained an Equal-Weight rating. Abbott shares rose 1.5% to close at $117.82 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ladenburg Thalmann cut Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) price target from $65.5 to $60.5. Ladenburg Thalmann analyst Paul Fremont downgraded the stock from Neutral to Sell. Spire shares closed at $65.56 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying META stock? Here&#8217;s what analysts think: 
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JMP Securities analyst David Scharf maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Market Outperform and raises the price target from $60 to $68.

JMP Securities Maintains Market Outperform on Synchrony Finl, Raises Price Target to $68

Deutsche Bank analyst Mark Devries maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Buy and raises the price target from $58 to $68.

Deutsche Bank Maintains Buy on Synchrony Finl, Raises Price Target to $68

Compass Point analyst David Rochester maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Buy and raises the price target from $56 to $60.

Compass Point Maintains Buy on Synchrony Finl, Raises Price Target to $60

Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) reported third-quarter net interest income of $4.609 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41352218/synchrony-reports-third-quarter-2024-results" rel="noreferrer noopener">beating the consensus of $4.491 billion.</a>
Net interest income increased 5.7% YoY, driven by higher interest and fees on loans, partially offset by an increase in interest expense from higher benchmark rates and higher interest-bearing liabilities.
Net revenue rose 9.8% to $3.814 billion. Net interest margin declined 32 basis points to 15.04%. Period-end loan receivables rose 4% to $102.2 billion, and purchase volume declined 4% to $45 billion.
Interest and fees on loans increased 7% year over year to $5.5 billion, driven by loan growth, policy changes, and lower payment rates, partly offset by higher reversals.
Synchrony&#8217;s average active accounts were flat at 70.4 million, but deposits grew 5% year over year to $82.3 billion in the quarter.
SYF returned $399 million in capital to shareholders, including $300 million in share repurchases and $99 million in common stock dividends.
Provision for credit losses was $1.60 billion, an increase of $109 million due to higher net charge-offs.
Net earnings increased 29% year over year to $789 million. The company reported EPS of $1.94, above the consensus of $1.81.
Synchrony&#8217;s return on assets increased 30 bps to 2.6%, while the efficiency ratio declined 200 basis points to 31.2%.
The estimated Common Equity Tier 1 ratio was 13.1%, compared to 12.8% in the prior year, and the estimated Tier 1 Capital ratio was 14.3%, compared to 13.6% in the prior year.
During the quarter, Synchrony added or renewed over 15 programs, including Dick&#8217;s Sporting Goods and Gibson. Extended its partnership with Dick&#8217;s, enhancing athlete rewards and digital services. Also launched a new payment system integrating CareCredit and Pets Best for insurance claim reimbursement.
&#8220;The unique combination of Synchrony&#8217;s industry expertise, proprietary data and analytics, and innovative digital capabilities is powering our trajectory forward, and we believe we are well-positioned to drive sustainable and strong risk-adjusted returns over the long-term,&#8221; commented Brian Wenzel, Synchrony&#8217;s Executive Vice President and Chief Financial Officer.
FY24 Outlook raised: Synchrony now expects EPS of <a target="_blank" href="https://d1io3yog0oux5.cloudfront.net/_41a6933079a2495335ced09c1af419e4/synchrony/db/3606/33783/presentation/3Q%2724+Earnings+Presentation_vF.pdf" rel="noreferrer noopener">$8.45 – $8.55</a> (prior $7.60 – $7.80) versus the $7.79 consensus; this assumes no late fee rule implementation in 2024.
Price Action: SYF shares are trading higher by 4.90% at $55.90 premarket at the last check Wednesday.

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Synchrony Financial Q3 Earnings: 29% Profit Growth, Raised FY24 Forecast & More

WIIM

Synchrony Financial shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 EPS guidance above estimates.

Synchrony Raised FY24 EPS Outlook To $8.45 - $8.55 From $7.60 – $7.80 Vs. $7.25 Est.

Synchrony Financial Q3 Purchase Volume Decreased 4%, Loan Receivables Increased 4% To $102.2B, Net Interest Margin Decreased 32 Bps To 15.04%

Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) reported quarterly earnings of $1.94 per share which beat the analyst consensus estimate of $1.81 by 7.18 percent. The company reported quarterly sales of $4.609 billion which beat the analyst consensus estimate of $4.491 billion by 2.63 percent. This is a 5.66 percent increase over sales of $4.362 billion the same period last year.

Earnings Beats

Synchrony Finl Q3 2024 GAAP EPS $1.94 Beats $1.81 Estimate, Sales $4.609B Beat $4.491B Estimate

Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) will release its quarterly earnings report on Wednesday, 2024-10-16. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Synchrony Finl to report an earnings per share (EPS) of $1.79.
Anticipation surrounds Synchrony Finl's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.20, leading to a 2.66% drop in the share price on the subsequent day.

<img src="https://www.benzinga.com/files/images/story/2024/1729004428_0.png" alt="eps graph" />
<h3>Synchrony Finl Share Price Analysis</h3>
Shares of Synchrony Finl were trading at $53.69 as of October 14. Over the last 52-week period, shares are up 80.9%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Observations about Synchrony Finl</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Synchrony Finl.
The consensus rating for Synchrony Finl is Neutral, based on 9 analyst ratings. With an average one-year price target of $54.22, there's a potential 0.99% upside.
<h3>Peer Ratings Comparison</h3>
The below comparison of the analyst ratings and average 1-year price targets of Credit Acceptance and Enova International, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>Credit Acceptance received a Sell consensus from analysts, with an average 1-year price target of $400.0, implying a potential 645.02% upside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for Enova International, with an average 1-year price target of $90.5, indicating a potential 68.56% upside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
The peer analysis summary provides a snapshot of key metrics for Credit Acceptance and Enova International, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kaspi.kz</td>
<td>Outperform</td>
<td>37.20%</td>
<td>$513.15B</td>
<td>18.86%</td>
</tr>
<tr>
<td>Credit Acceptance</td>
<td>Sell</td>
<td>12.42%</td>
<td>$330.70M</td>
<td>-2.94%</td>
</tr>
<tr>
<td>Enova International</td>
<td>Outperform</td>
<td>25.83%</td>
<td>$299.24M</td>
<td>4.69%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Synchrony Finl ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Synchrony Finl is at the bottom compared to its peers.
<h3>About Synchrony Finl</h3>
Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).
<h3>Synchrony Finl's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Synchrony Finl's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 12.69%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Synchrony Finl's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.81% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.4%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Synchrony Finl's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.52%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.09, Synchrony Finl adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/SYF/earnings">To track all earnings releases for Synchrony Finl visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Synchrony Finl's Earnings

Bullish option flow detected in Synchrony (SYF) with 1,665 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 41.82%. Nov-...

Synchrony call volume above normal and directionally bullish

Credit card delinquencies rise, net charge-offs fall in September: Credit Pulse

2 Preferred Stocks At Bargain Prices, +7% Yield

Bank of America Securities analyst Mihir Bhatia maintained a Buy rating on Synchrony Financial (SYF – Research Report) today. The company's shares ...

Bank of America Securities Keeps Their Buy Rating on Synchrony Financial (SYF)

BofA raised the firm's price target on Synchrony (SYF) to $64 from $61 and keeps a Buy rating on the shares. The firm, which says it is "cautiously...

Synchrony price target raised to $64 from $61 at BofA

Nu Holdings: Exceptional Investment Opportunity In Emerging Markets

Synchrony (SYF) announced a long-term extension of their nearly 25-year partnership with JCPenney. Synchrony and JCPenney have partnered for more t...

Synchrony announces extension of partnership with JCPenney

S&P 500: Mean Reversion Always Wins In The End

Bullish option flow detected in Synchrony (SYF) with 4,091 calls trading, 3x expected, and implied vol increasing almost 2 points to 46.06%. Mar-25...

Bullish option flow detected in Synchrony (SYF) with 6,925 calls trading, 3x expected, and implied vol increasing over 1 point to 47.43%. Nov-24 60...

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Press Releases

Synchrony's CareCredit Network Expands to First-Ever Major Grocery Store Chain Collaboration With Albertsons Companies

Synchrony to Announce Third Quarter 2024 Financial Results on October 16, 2024

Synchrony and DICK'S Sporting Goods Extend Partnership

Contracts

Synchrony Continues Commitment to Supporting Independent Veterinary Practices Through Partnership with PSIvet

Synchrony Introduces First-of-its-Kind Technology Connecting Pet Insurance and CareCredit, Simplifying Pet Care Payment Process

Synchrony Reports Third Quarter 2024 Results

Synchrony Foundation Reinforces Commitment to Elevate Women in Trades

Dividends

Synchrony Announces Quarterly Common Stock Dividend of $0.25 Per Share

New Synchrony Research Finds Pet Parents Are Equally as Concerned About the Cost of Specialty Veterinary Care as their Pet's Potential Outcome

JCPenney and Synchrony Extend Long-Term Financing Partnership with Multi-Year Contract Renewal

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