In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements and requires enhanced disclosures about significant segment expenses. The Company will adopt this guidance on a retrospective basis on its effective date, which for us is beginning within our December 31, 2024 Form 10-K. Included in the acquisition was $64 million of loans that have experienced more-than-insignificant deter ...

All-Time High Reflects Growing Optimism "Synchrony Financial: Finally Getting Credit". VAL 51.85 Synchrony Financial (SYF) Price 51.85 48.00 36.00 24.00 12.00 2020 2021 2022 2023 2024 Seeking AlphaQ Jul 17, 2024, 1:03 PM EDT Powesed by YC HARTS Data by YCharts The Risks Synchrony Financial | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------|---------|-------|-------|-------|-------|-------|-------|----------|-------|-------|-------|--------- ...

Coast also announced a strategic investment from Synchrony, a leading consumer financial services company delivering one of the industry's most complete digitally-enabled product suites across diverse sectors. The investment in Coast aligns with Synchrony's presence in the aftermarket auto segment where it partners with many top national tire, petrol, auto parts and maintenance retailers like Discount Tire and Pep Boys. For the nearly one million American businesses that collectively operate around 40 milli ...

New Partnership Will Support Independent Vet Practices with Flexible Financing Options and Administrative Resources STAMFORD, Conn., July 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer finance company, has announced that its CareCredit health and wellness credit card will now be the preferred financing option for members of The Veterinary Cooperative (TVC), a positive cooperative community of veterinarians and suppliers who share a vision to provide the best animal care through independe ...

Net interest income improved 6.9% year over year to $4.4 billion in the second quarter. However, it missed the consensus mark by 0.8%. Q2 Results in Detail Total deposits were $83.1 billion, which rose 9.7% year over year and beat our model estimate by 2.4%. Provision for credit losses increased 22.3% year over year to $1.7 billion due to increased net charge-offs, higher than our estimate of $1.5 billion. Interest and fees on loans of $5.3 billion improved 10.2% year over year on the back of a growing aver ...

Synchrony Financial (NYSE:SYF) Q2 2024 Earnings Conference Call July 17, 2024 8:00 AM ET Company Participants Kathryn Miller - SVP of IR Brian Doubles - President and CEO Brian Wenzel - EVP and CFO Conference Call Participants Mihir Bhatia - Bank of America Terry Ma - Barclays Mark DeVries - Deutsche Bank Moshe Orenbuch - TD Cowen Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Rick Shane - JPMorgan Bill Carcache - Wolfe Research Dave Rochester - Compass Point John Hecht - Jefferies Don Fandetti - Wells Far ...

Synchrony (SYF) reported $4.41 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 5.4%. EPS of $1.55 for the same period compares to $1.32 a year ago. The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $4.44 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +14.81%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Synchrony (SYF) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.37 per share when it actually produced earnings of $1.18, delivering a surprise of -13.87%. Over the last four quarters, t ...

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STAMFORD, Conn., July 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its second quarter 2024 results for the period ending June 30, 2024. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. About Synchrony Contact SOURCE Synchrony Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief ...