Why You Should Retain Synchrony (SYF) Stock in Your Portfolio

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 ...