The S&P 500 just reached a new all-time high, and many stocks look expensive right now. But there are still some bargains to be found, and that's especially true in the financial sector. Here are two bank stocks that recently reported earnings, and why they could be excellent choices for long-term investors at their current prices. The largest all-digital U.S. bank Ally Financial (NYSE: ALLY) is one of the most interesting bank stocks in the market. It was spun out of General Motors (NYSE: GM) in the wak ...

Paying for a car in cash is often considered a savvy financial move. After all, skipping an auto loan and avoiding expensive monthly payments is a textbook example of disciplined money management. Unfortunately, the auto market has evolved to a point where this strategy could actually backfire and cost you thousands more on your next purchase. The reason is simple: car dealerships are often less willing to negotiate when you’re not financing the purchase. Must Read Here’s why understanding how dealers ...

Core Insights - Synchrony Financial has renewed and extended its partnership with Discount Tire, allowing customers to finance tire and auto-related purchases at over 1,200 retail stores and more than a million locations within the Car Care network nationwide [1][2]. Group 1: Partnership Significance - The extension of the partnership reinforces Synchrony's position in the auto financing space, catering to consumers seeking flexible financing options as vehicle ownership costs rise [2]. - This collaboration enhances customer loyalty for both companies by improving convenience and affordability for big-ticket purchases like tires [3]. Group 2: Financial Implications - The partnership is expected to increase Synchrony's loan volume and interest earnings, particularly as deferred interest promotions convert [3]. - Retaining Discount Tire as a key partner helps maintain consistent revenue streams and reduces churn risk, with the card accepted at over a million locations [4]. Group 3: Recent Performance Metrics - Synchrony's first-quarter results showed weaknesses, with total loan receivables at $99.6 billion, down 2% year over year, and purchase volume falling 4% to $40.7 billion [5]. - Average active accounts decreased by 3% to 69.3 million [5]. Group 4: Stock Performance - Synchrony shares have gained 31.5% over the past year, outperforming the industry's 8.2% rise [6].