Synchrony Financial (SYF) recently announced its partnership with PatientNow to simplify processes for cosmetic practices and the medical spa industry by combining the products and technology of both companies. SYF has made its CareCredit health and wellness credit card available to 4,800 cosmetic and aesthetic businesses through PatientNow as the primary financing option.PatientNow offers practice management solutions based on the cloud to its customers through innovative solutions that help providers mana ...

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Synchrony (SYF) and Virtu Financial (VIRT) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emph ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fin ...

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J. Michael Jones Synchrony Financial (NYSE:SYF), a bank that specializes in consumer loans, announced its fourth quarter earnings on Tuesday. Last May, I wrote about how Synchrony's long-term debt, which yielded above 9% at the time, was a good investment. In November, I examined Synchrony's preferred shares (SYF.PR.A) which also yielded nearly 9%. While each of these investments has rallied in price, the company's preferred shares are still trading at an 8% yield and the longest-dated debt is trading at a ...

Synchrony Financial (SYF) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.03, which beat the Zacks Consensus Estimate by 7.3%. However, the bottom line declined 18.3% year over year. Net interest income improved 8% year over year to $4,466 million, beating the consensus mark by 0.3%. SYF reported better-than-expected quarterly results benefiting from higher interest earned, thanks to a high- interest rate environment, expanding average loan receivables and elevated benchmark rates. Howe ...

Got it. And just to follow up on the new expense ratio guide, I know in the past you've given more of a quarterly dollar amount. It seems like you might be implying a pretty very low single digit type expense growth next year. Is that right and where do you think you're kind of gaining some efficiencies from here? Is it on marketing, lower comp, et cetera? Brian Wenzel Yeah, so first of all, on the switch to really efficiency ratio, Jeff, if you recall a number of years ago, we were actually on efficiency r ...

Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also gaining traction in Pay Later options offered at checkout.Supplemental materials released alongside earnings on Tuesday (Jan. 23) indicated that purchase volumes, overall, gained 3% to $49.3 billion.Loan receivables surged 11% to $103 billion.And the company noted that average active accounts were 5% higher at 71.5 million.Average ...

For the quarter ended December 2023, Synchrony (SYF) reported revenue of $4.47 billion, up 8.8% over the same period last year. EPS came in at $1.03, compared to $1.26 in the year-ago quarter.The reported revenue represents a surprise of +0.34% over the Zacks Consensus Estimate of $4.45 billion. With the consensus EPS estimate being $0.96, the EPS surprise was +7.29%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

January 23, 2024 4Q'23 FINANCIAL RESULTS Cautionary Statement Regarding Forward-Looking Statements This presentation contains certain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "targets," "outlook ...