Synchrony Declines 16.1% in a Month: Is the Stock a Buy on the Dip?

Synchrony Financial (SYF) shares have declined 16.1% in the past month due to continued investor concerns about its credit quality and profitability. Broader macroeconomic factors also played their role, such as persistent inflation and increased financial pressures on consumers, leading to concerns about higher credit card delinquencies and defaults, especially among lower-income borrowers. The stockalso underperformed the industryand the S&P 500 Index. During this time, peers like American Express Company ...