When I covered Synchrony Financial (NYSE: SYF ) last quarter, I noted the stock was not too expensive despite trading at what were then all-time highs. This turned out toI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I pr ...

NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Synchrony Financial ("Synchrony" or the "Company") (NYSE: SYF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Synchrony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On January 28, 2025, S ...

Synchrony Financial (SYF) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $1.91, which beat the Zacks Consensus Estimate of $1.90. The bottom line also increased from $1.03 per share a year ago.See the Zacks Earnings Calendar to stay ahead of market-making news. Net interest income improved 2.7% year over year to $4.6 billion in the fourth quarter. However, it missed the consensus mark by a whisker.The strong quarterly earnings were supported by increased interest and fees on loans and an  ...

The consumer financing landscape is a dynamic one, where both strategy and execution are the key guardrails of success for financial service businesses.This was reiterated on Tuesday (Jan. 28) during Synchrony Financial’s fourth-quarter and full-year 2024 earnings report. The Stamford, Connecticut-based company reported net earnings of $774 million, or $1.91 per diluted share, a significant, 76% year-over-year increase from $440 million, or $1.03 per diluted share, in the same quarter of 2023.“We leveraged ...

Key TakeawaysSynchrony Financial's earnings and revenue came up short of forecasts on higher costs and less-than-expected net interest income.The online bank's net charge-offs as a percentage of total average loan receivables jumped.Net interest income rose 3%, but short of Visible Alpha estimates. Synchrony Financial (SYF) shares tumbled 7% Tuesday morning as the online bank's results missed estimates on increased credit expenses and weak net interest income. The financial firm reported fourth-quarter earn ...

4Q'24 FINANCIAL RESULTS January 28, 2025 Disclaimers Cautionary Statement Regarding Forward-Looking Statements The following slides are part of a presentation by Synchrony Financial in connection with reporting quarterly financial results and should be read in conjunction with the earnings release and financial supplement included as exhibits to our Current Report on Form 8-K filed today and available on our website (www.investors.synchrony.com) and the SEC's website (www.sec.gov). All references to net ear ...

Synchrony (SYF) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.53%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.77 per share when it actually produced earnings of $1.94, delivering a surprise of 9.60%.Over the last four quarters, the c ...

Exhibit 99.2 SYNCHRONY FINANCIAL FINANCIAL SUMMARY (unaudited, in millions, except per share statistics) | Quarter Ended | | | | | | | | | | | | | | | Twelve Months Ended | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Dec 31, | | | | Sep 30, | Jun 30, | | | Mar 31, | | Dec 31, | | | | Dec 31, | | Dec 31, | | | | | 2024 2024 | | | 2024 | 2024 | | | | | | 2023 | | 4Q'24 vs. 4Q'23 | | 2024 | | 2023 | | YTD'24 vs. YTD'23 | | ...

STAMFORD, Conn., Jan. 28, 2025 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2024 results for the period ending December 31, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/financial-information/financial-results.Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a confere ...

Earnings Report and Estimates - Synchrony Financial (SYF) is set to report Q4 2024 results on Jan 28, 2025, with a Zacks Consensus Estimate of $1.90 EPS and $4.57 billion in revenues [1] - The Q4 earnings estimate has increased by 2 cents over the past month, indicating an 84.5% YoY increase, while revenue estimates suggest a 2.2% YoY growth [2] - For the full year, the Zacks Consensus Estimate for revenues is $17.98 billion, a 5.4% YoY rise, and EPS is $6.54, implying a 26% YoY jump [3] - SYF has beaten earnings estimates in three of the last four quarters, with an average surprise of 4.5% [3] Factors Influencing Q4 Results - SYF is expected to benefit from increased loan receivables, improved efficiency ratio, and growth in average active accounts [5] - Net interest income is projected to grow 3.4% YoY, with interest and fees on loans expected to rise to over $5.5 billion from $5.3 billion a year ago [5] - Digital sales volume and total average active accounts are likely to have risen more than 2% YoY in Q4 [6] - Average Interest-Earning Assets are expected to increase by 6.5% YoY, and the efficiency ratio is estimated at 34.80%, improving from 36% a year ago [7] Challenges and Offsets - SYF is expected to face increased costs in information processing, employee expenses, and professional fees, along with lower purchase volumes [8] - Total purchase volumes for Q4 are estimated to decline nearly 3% YoY, with a volatile economic environment potentially discouraging big-ticket transactions [9] - Net interest margin is projected at 14.73%, down from 15.10% a year ago, and net charge-offs are likely to have risen substantially [10] Other Companies with Earnings Potential - Rithm Capital Corp (RITM) has an Earnings ESP of +2.22% and a Zacks Rank 1, with Q4 earnings estimated at 45 cents per share and revenues at $1.23 billion, a 73.2% YoY growth [11][12] - Bread Financial Holdings (BFH) has an Earnings ESP of +25.94% and a Zacks Rank 2, with Q4 earnings estimated at 34 cents per share, up 4 cents in the past month, and an average earnings surprise of 70.2% in the past four quarters [12][13] - OneMain Holdings (OMF) has an Earnings ESP of +1.93% and a Zacks Rank 3, with Q4 earnings estimated at $1.12 per share and an average earnings surprise of 7% in the past four quarters [13][14]