The Zacks Consensus Estimate for SYF's 2024 earnings is pegged at $5.71 per share, which indicates an increase of 10% year over year. Synchrony beat on earnings in three of the last four quarters and missed once, the average surprise being 1.1%. This is depicted in the graph below. SYF exited the first quarter with cash and equivalents of $20 billion, which increased from $14.3 billion in 2023 end. It has a total debt to capital of 51.4%, lower than the industry average of 55.9%. Its balance sheet health su ...

Zacks Rank & Key Picks Synchrony Financial currently carries a Zacks Rank #3 (Hold). Investors interested in the broader Finance space may look at some better-ranked players like Jackson Financial Inc. (JXN) , Euronet Worldwide, Inc. (EEFT) Image Source: Zacks Investment Research Synchrony Financial (SYF) recently established a partnership with an enterprise software and services company, Installation Made Easy ("IME"), which supports retail-based home improvement programs. The partnership aims to simplify ...

Core Insights - Synchrony and Installation Made Easy (IME) have formed a partnership to simplify financing for kitchen, bath, and flooring installations for homeowners [1][2] - Homeowners can purchase materials from Floor & Decor and schedule installations through IME, allowing for a streamlined home improvement process [3] - The partnership enables Floor & Decor cardholders to finance both materials and installation using a single credit card issued by Synchrony, facilitating easier project management [3][4] Company Overview - IME is an enterprise software and services company that develops home improvement programs for retailers and manufacturers, providing a software platform to manage projects and track performance [5] - Synchrony is a premier consumer financial services company offering a wide range of digitally enabled financial products across various industries, including home improvement [6]

Through the partnership with Synchrony, cardholders will have access to new and improved digital experiences including streamlined digital application and servicing. "Synchrony is working hand-in-hand with Virgin Red to create the ultimate rewards credit card program for its members," said Bart Schaller, EVP and CEO, Digital, Synchrony. "This new program will offer an unparalleled experience for Virgin's most loyal customers from application to purchase to rewards redemption." "The new Virgin Red Rewards Ma ...

"Our commitment to equity is unwavering," said Brian Doubles, President and CEO of Synchrony. "As a responsible and trusted employer, partner, and community member, belonging is an imperative at Synchrony. It's clear the progress we are making on advancing equity, diversity, inclusion and citizenship is good for our business and great for our employees, customers and communities." This year's theme, United in Purpose – Changing Tomorrow, Today, reinforced the company's collective resolve to bring together d ...

Most Consumers Say Their Hearing is a Priority, But Less Than 10% Visited an Audiologist in the Past Year, Citing Cost as One of the Top Barriers STAMFORD, Conn., May 14, 2024 /PRNewswire/ -- Hearing is a priority health concern for the majority of consumers, yet few take action to proactively manage their hearing health, according to a new study from Synchrony, a premier consumer financial services company, conducted on behalf of the company's leading healthcare financial solution, CareCredit. Synchrony's ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...

Partnership To Offer Special Financing Options and Modern Digital Payment Features and Financial Education ResourcesSTAMFORD, Conn., May 2, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a consumer financial services company, today announced a multi-year renewal with Affordable Care, LLC., one of America's leading consumer retail healthcare companies supporting dental practices exclusively focused on tooth replacement solutions. Under the expanded agreement, CareCredit, Synchrony's health and wellness credit c ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...

Adam Gault Mr. Market's Mood Improves Toward Synchrony Synchrony Financial (NYSE:SYF) stock has returned nearly 65% since I rated it a Strong Buy in October 2023. Even in the past quarter, after my downgrade to a regular Buy, it has still returned 18.6%. The 6-month return more than doubled the average Financial sector return, as measured by the Financial Sector SPDR ETF (XLF). Data by YCharts Throughout much of the last couple of years, Mr. Market has been living in fear that the consumer was going to stop ...