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 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 ...

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) 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 ...

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 ...

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STAMFORD, Conn., Oct. 16, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its third quarter 2024 results for the period ending September 30, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/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 conference call to review th ...

Synchrony Financial (SYF) is set to report its third-quarter 2024 results on Oct. 16, before the opening bell. The Zacks Consensus Estimate for third-quarter earnings is currently pegged at $1.77 per share, implying growth of 19.6% from the year-ago reported number. The estimate was revised upward by one analyst in the past week against no movement in the opposite direction, resulting in an increase of 1 cent from $1.76 per share. The Zacks Consensus Estimate for third-quarter revenues is currently pegged a ...

Wall Street analysts forecast that Synchrony (SYF) will report quarterly earnings of $1.77 per share in its upcoming release, pointing to a year-over-year increase of 19.6%. It is anticipated that revenues will amount to $4.52 billion, exhibiting an increase of 3.5% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 3.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed t ...

Synchrony Financial (SYF) recently introduced a groundbreaking technology that connects its CareCredit health and wellness credit card with Pets Best pet insurance. This move is aimed at streamlining the pet care payment process. This first-of-its-kind integration allows pet parents to receive direct reimbursements for insurance claims on their CareCredit card, simplifying the traditionally complex process of paying for veterinary services. SYF and Independence Pet Holdings, Inc. aim to further expand this ...