Synchrony (SYF), LG Electronics to Enhance ESS Financing Options

This move bodes well for SYF's Home and Auto segment, whose period-end loan receivables climbed 10% year over year in the first quarter of 2024. The latest partnership is expected to enhance SYF's financing capabilities throughout the electronics space. The company aims to gradually extend the partnership to encompass more retailers in the future. The move is likely to boost period-end loan receivables in its Home & Auto sales platform. Shares of Synchrony have gained 39.7% in the past year compared with th ...