New Partnership Will Support Independent Vet Practices with Flexible Financing Options and Administrative Resources STAMFORD, Conn., July 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer finance company, has announced that its CareCredit health and wellness credit card will now be the preferred financing option for members of The Veterinary Cooperative (TVC), a positive cooperative community of veterinarians and suppliers who share a vision to provide the best animal care through independe ...

Net interest income improved 6.9% year over year to $4.4 billion in the second quarter. However, it missed the consensus mark by 0.8%. Q2 Results in Detail Total deposits were $83.1 billion, which rose 9.7% year over year and beat our model estimate by 2.4%. Provision for credit losses increased 22.3% year over year to $1.7 billion due to increased net charge-offs, higher than our estimate of $1.5 billion. Interest and fees on loans of $5.3 billion improved 10.2% year over year on the back of a growing aver ...

We are also proud to be the exclusive issuer of Virgin Red's multi-category travel card, the first ever Virgin Red Rewards World Elite Mastercard, which will connect members across the Virgin family from flights to cruises, hotels and experiences with points that never expire. Cardholders will earn Virgin points on all of their Virgin Red Rewards card spend, which can be used for a range of gifts and rewards, all while enjoying a first-rate digital experience from application to servicing. And as Synchrony ...

Synchrony (SYF) reported $4.41 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 5.4%. EPS of $1.55 for the same period compares to $1.32 a year ago. The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $4.44 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +14.81%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Synchrony (SYF) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.37 per share when it actually produced earnings of $1.18, delivering a surprise of -13.87%. Over the last four quarters, t ...

Exhibit 99.2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|---------|------------------|---------|------------------|-------|---------------|----------------------------|-------|-------|-------|-------------|----------|-------|-------|--------------------|-------|-------------|------------ ...

STAMFORD, Conn., July 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its second quarter 2024 results for the period ending June 30, 2024. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. About Synchrony Contact SOURCE Synchrony Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief ...

Synchrony Financial (SYF) is set to report its second-quarter 2024 results on Jul 17, before the opening bell. | --- | --- | --- | --- | --- | |----------|-------------------------------------------------|-------|-------|-------| | | gnitude Consensus Estimate Trend (60 Days) \nQ1 | Q2 | F1 | F2 | | Current | 1.34 | 1.72 | 5.70 | 6.20 | | 7 Davs A | 1.29 | 1.79 | 5.72 | 6.31 | | | 1.34 | 1.89 | 5.71 | 6.09 | | | 1.45 | 1.78 | 5.75 | 6.13 | | Trend of | | | | | | Estimate | | | | | | | | | | | Image Source: ...

In its upcoming report, Synchrony (SYF) is predicted by Wall Street analysts to post quarterly earnings of $1.34 per share, reflecting an increase of 1.5% compared to the same period last year. Revenues are forecasted to be $4.47 billion, representing a year-over-year increase of 6.9%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 8.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 17. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $4.48 billion, up 7.2% from the year-ago quarter. Synchrony (SYF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earning ...