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SYF vs. BAM: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-10-21 16:45
Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Synchrony (SYF) and Brookfield Asset Management (BAM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revi ...
Is Synchrony Financial (SYF) Stock Undervalued Right Now?
ZACKS· 2024-10-21 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...
Why Fast-paced Mover Synchrony (SYF) Is a Great Choice for Value Investors
ZACKS· 2024-10-21 13:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
Synchrony Financial: Still Not Too Expensive At All Time Highs
Seeking Alpha· 2024-10-17 12:23
When I wrote about Synchrony Financial (NYSE: SYF ) last quarter , the shares had been on a big run, peaking above the rare $50 level only seen in I 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 prefer to hold positions ...
Synchrony Shines in Q3: Expense Management Drives Earnings Beat
ZACKS· 2024-10-16 17:35
Synchrony Financial (SYF) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.94, which comfortably beat the Zacks Consensus Estimate of $1.77. The bottom line also increased from $1.48 per share a year ago. Net interest income improved 5.7% year over year to $4.6 billion in the third quarter. Also, it beat the consensus mark by 2.1%. The strong quarterly results were supported by increased interest and fees on loans and an expanding loan receivables portfolio. While expenses did increase, t ...
Synchrony(SYF) - 2024 Q3 - Earnings Call Transcript
2024-10-16 15:42
Synchrony Financial (NYSE:SYF) Q3 2024 Earnings Conference Call October 16, 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 Ryan Nash - Goldman Sachs Terry Ma - Barclays Don Fandetti - Wells Fargo Moshe Orenbuch - TD Cowen Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Mark DeVries - Deutsche Bank John Hecht - Jefferies Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Operator Good morning and ...
Synchrony (SYF) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-16 14:30
For the quarter ended September 2024, Synchrony (SYF) reported revenue of $4.61 billion, up 5.7% over the same period last year. EPS came in at $1.94, compared to $1.48 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.51 billion, representing a surprise of +2.09%. The company delivered an EPS surprise of +9.60%, with the consensus EPS estimate being $1.77. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...
Synchrony (SYF) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-16 12:05
Synchrony (SYF) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 9.60%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.35 per share when it actually produced earnings of $1.55, delivering a surprise of 14.81%. Over the last four quarters, the ...
Synchrony(SYF) - 2024 Q3 - Earnings Call Presentation
2024-10-16 12:05
3Q'24 FINANCIAL RESULTS October 16, 2024 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.synchronyfinancial.com) and the SEC's website (www.sec.gov). All references to net earn ...
Synchrony(SYF) - 2024 Q3 - Quarterly Results
2024-10-16 10:00
Exhibit 99.2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|-------|----------------|-------|----------------|-------|---------------|--------------------|-------|-------|-------|----------|-------|-------|-------|----------|-------|-------|-------|--------|-------------|--------|-------|-------------- ...