Synchrony(SYF)

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Synchrony Extends Consumer Credit Card Issuing Agreement with Chevron, Celebrates 17 Years of Innovative Financial Solutions for Consumers
Prnewswire· 2024-12-18 14:00
Synchrony Continues as Exclusive Issuer of the Techron Advantage Credit Card for Chevron and Texaco Customers STAMFORD, Conn., Dec. 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced the extension of their collaboration with Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), on the Techron Advantage Credit Card program. The amendment by the parties of their existing agreement to extend the term builds upon the succes ...
Synchrony Collaborates With Daybreak, Expands CareCredit Offering
ZACKS· 2024-12-04 19:05
Partnership Overview - Synchrony Financial (SYF) announced a three-year partnership with Daybreak, a provider of at-home sleep health solutions, allowing customers to use Synchrony's CareCredit card for flexible financing of Daybreak's FDA-cleared sleep apnea devices and diagnostic kits [1] - The partnership aligns with Synchrony's strategy to expand its health and wellness offerings, tapping into a growing market that prioritizes sleep health as a foundation for overall well-being [3] Market Opportunity - Sleep disorders affect approximately 50-70 million Americans, creating a significant market opportunity for accessible and cost-effective solutions [2] - Traditional in-lab sleep studies often involve high out-of-pocket expenses, making Daybreak's at-home solutions combined with CareCredit financing a more accessible option for consumers [2] Financial Impact - Health and Wellness accounted for 17.3% of Synchrony's total interest and fees on loans in Q3 2024 [4] - The partnership is expected to aid Synchrony in increasing period-end loan receivables and interest and fees on loans, especially as the Health and Wellness segment's purchase volumes declined 3% year-over-year in Q3 2024 [5] Stock Performance - Synchrony's shares have gained 56.9% in the past six months, outperforming the industry's 22.5% growth [6] Industry Context - Synchrony currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence in its performance [7] - Other top-ranked stocks in the finance space include ProAssurance Corporation (PRA), Kemper Corporation (KMPR), and CNO Financial Group, Inc (CNO), with PRA also holding a Zacks Rank 1 and KMPR and CNO carrying a Zacks Rank 2 (Buy) [7]
Synchrony's CareCredit and Daybreak Partner to Provide Better Sleep for Americans
Prnewswire· 2024-12-03 14:00
CareCredit health and wellness credit card now accepted as a payment option for Daybreak's sleep testing-kits and sleep apnea deviceSTAMFORD, Conn., Dec. 3, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, and Daybreak, a top-provider of full at-home sleep testing kits and custom-fit sleep apnea devices, have extended flexible financing to customers interested in Daybreak's products. With an estimated 50-70 million Americans currently living with ongoing sleep disor ...
Synchrony to Participate in the 2024 Goldman Sachs Financial Services Conference
Prnewswire· 2024-12-03 13:00
STAMFORD, Conn., Dec. 3, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) President and Chief Executive Officer, Brian D. Doubles, and Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the 2024 Goldman Sachs Financial Services Conference on Tuesday, December 10, 2024 at 8:00 a.m. (Eastern Time).A live webcast and replay will be made available on the Synchrony Investor Relations website at www.investors.synchrony.com. About SynchronySynchrony (NYSE: SYF) is a premier consumer financi ...
Synchrony (SYF) Is Up 1.87% in One Week: What You Should Know
ZACKS· 2024-11-22 18:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Synchrony (SYF) Up 14.4% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-11-15 17:36
It has been about a month since the last earnings report for Synchrony (SYF) . Shares have added about 14.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Synchrony due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Synchrony Shines in Q3: Expense Management Drives E ...
Are You Looking for a Top Momentum Pick? Why Synchrony (SYF) is a Great Choice
ZACKS· 2024-11-06 18:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
SYF vs. BAM: Which Stock Is the Better Value Option?
ZACKS· 2024-11-06 17:45
Core Viewpoint - The comparison between Synchrony (SYF) and Brookfield Asset Management (BAM) indicates that SYF currently offers better value for investors based on various financial metrics and analyst outlooks [1][3][7]. Valuation Metrics - SYF has a forward P/E ratio of 8.84, significantly lower than BAM's forward P/E of 38.79, suggesting that SYF is more attractively priced [5]. - The PEG ratio for SYF is 1.10, while BAM's PEG ratio stands at 2.66, indicating that SYF has a better balance between its price and expected earnings growth [5]. - SYF's P/B ratio is 1.50, compared to BAM's P/B of 7.60, further highlighting SYF's relative undervaluation [6]. Analyst Outlook - SYF holds a Zacks Rank of 1 (Strong Buy), reflecting stronger earnings estimate revision activity compared to BAM, which has a Zacks Rank of 3 (Hold) [3][7]. - The improving analyst outlook for SYF suggests a more favorable investment environment for value investors [3][7]. Value Grades - SYF has received a Value grade of A, while BAM has a Value grade of D, indicating a significant difference in perceived value between the two stocks [6].
Fast-paced Momentum Stock Synchrony (SYF) Is Still Trading at a Bargain
ZACKS· 2024-11-06 14:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Synchrony (SYF) Stock Analysis - Synchrony (SYF) has shown a price increase of 11% over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, SYF's stock has gained 24.2%, with a beta of 1.59, suggesting it moves 59% more than the market [5] - SYF has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - SYF has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - The stock is currently trading at a Price-to-Sales ratio of 0.98, suggesting it is undervalued as investors pay only 98 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides SYF, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
Buying Highly-Ranked Value Stocks in November and Beyond
ZACKS· 2024-11-05 19:56
The S&P 500 and the Nasdaq jumped over 1% through morning trading on election day. Wall Street has been generally pleased by earnings results thus far, and the outlook for more rate cuts remains intact even if the Fed will likely cut at a slower pace.The S&P 500 held the line at its 50-day moving average. There could, without a doubt, be more volatility and selling in the near term. It is worth remembering that the Nasdaq has soared 75% in the last two years, with the benchmark up 52%.Thankfully, Wall Stree ...