Synchrony (SYF) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.29%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.44 per share when it actually produced earnings of $1.48, delivering a surprise of 2.78%.Over the last four quarters, the c ...

STAMFORD, Conn., Jan. 23, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2023 results for the period ending December 31, 2023. 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. Today at 8:00 AM ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conf ...

In an age where consumers are grappling with ways to manage debt, but also finance the purchases they need, point-of-sale financing is gaining ground.To that end, and as announced last week, Synchrony will acquire Ally Financial’s point-of-sale financing arm. In terms of reach, Synchrony gets $2.2 billion of loan receivables, where the POS financing is already available at 2,500 merchant locations, and with 450,000 borrowers already in place.Specifically, the deal will give Synchrony greater scale in home i ...

Synchrony Financial (SYF) is set to acquire Ally Financial’s ALLY point-of-sale financing business. The deal encompasses a substantial portfolio, including $2.2 billion in loan receivables. It will establish Synchrony as a key player in the home improvement services and healthcare financing sectors. The acquired portfolio boasts connections with nearly 2,500 merchant locations and serves over 0.45 million active borrowers.The transaction, subject to customary closing conditions, is projected to be concluded ...

Synchrony Financial (SYF) has announced that it is pursuing a browser extension test for bringing about a streamlined checkout experience for its cardholders. This innovative idea was conceived during a “Bolt Session” with the Product Incubation Team of SYF, which is entrusted with the responsibility to make use of strategy, design and technology for devising products and solutions that accelerate business transformation. Its shares declined 1.9% on Jan 18, replicating declines in broader markets.A browser ...

Acquisition Enhances Synchrony's Reach and Scale in Home Improvement and Health and Wellness Financing; Sale Enables Ally To Invest Its Resources in Growing Scale Businesses and Strengthening Relationships with Dealer Customers and ConsumersSTAMFORD, Conn. and CHARLOTTE, N.C., Jan. 19, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) and Ally Financial Inc. (NYSE: ALLY), today announced that they have entered into a definitive agreement for Synchrony to acquire Ally's point of sale financing business including $2 ...

Trial With Synchrony General Purpose Credit Cards to Test Viability of Browser Extension STAMFORD, Conn., Jan. 17, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer finance company, has announced that it is testing a browser extension that automatically prompts cardholders during the checkout process to use a Synchrony credit card and provides a virtual card for that purchase. The initial launch is designed for Synchrony's General Purpose Credit Cards on Chrome desktop browsers with the intenti ...

Synchrony (SYF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 23. ...

Synchrony Financial (SYF) recently expanded its multi-year partnership with the leading California-based high-quality, personally fitted arch support manufacturer and retailer, The Good Feet Store. As a result of the renewal, SYF’s CareCredit health and wellness credit card can be availed as a payment option across the 250-plus retail outlets of The Good Feet Store.Customers will get access to varied and flexible financing options while purchasing products related to dental care, sleep care and personalized ...

Synchrony Financial (SYF) recently announced that it has entered into a multi-year agreement with Destination Pet to provide its CareCredit health and wellness cards to pet owners. The CareCredit card will be available for use at Destination Pet’s locations across the country, including pet resorts. This partnership is SYF’s first-ever collaboration with a pet resort company.This move bodes well for Synchrony Financial, as wider use of CareCredit should boost the top line in the future. Health and Wellness ...