Synchrony Financial Stock Sinks as Charge-Offs Surge

Key TakeawaysSynchrony Financial's earnings and revenue came up short of forecasts on higher costs and less-than-expected net interest income.The online bank's net charge-offs as a percentage of total average loan receivables jumped.Net interest income rose 3%, but short of Visible Alpha estimates. Synchrony Financial (SYF) shares tumbled 7% Tuesday morning as the online bank's results missed estimates on increased credit expenses and weak net interest income. The financial firm reported fourth-quarter earn ...