Synchrony(SYF) Prnewswire·2025-02-04 20:05Core Viewpoint - Synchrony Financial is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q4 2024, which led to a significant drop in stock price [1][2][3]. Financial Performance - Synchrony reported its Q4 2024 earnings on January 28, 2025, which missed consensus estimates due to weaker-than-expected net interest income [2]. - The company's provision for credit card losses exceeded analyst expectations, indicating potential issues in credit quality [2]. - The net charge-off rate increased, further raising concerns about the company's financial health [2]. Market Reaction - Following the announcement of the disappointing financial results, Synchrony's stock price experienced a sharp decline during intraday trading on January 28, 2025 [3].