Synchrony Financial (SYF)

NYSE: SYF · IEX Real-Time Price · USD
45.02
+2.16 (5.04%)
At close: Apr 24, 2024, 4:00 PM
45.00
-0.02 (-0.04%)
Pre-market: Apr 25, 2024, 8:17 AM EDT
5.04%
Market Cap 18.32B
Revenue (ttm) 7.66B
Net Income (ttm) 2.20B
Shares Out 406.84M
EPS (ttm) 5.19
PE Ratio 8.67
Forward PE 7.96
Dividend $1.00 (2.22%)
Ex-Dividend Date May 3, 2024
Volume 9,508,769
Open 42.98
Previous Close 42.86
Day's Range 42.70 - 45.16
52-Week Range 26.59 - 45.16
Beta 1.61
Analysts Hold
Price Target 41.44 (-7.95%)
Earnings Date Apr 24, 2024

About SYF

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep... [Read more]

Industry Credit Services
Sector Financials
CEO Brian D. Doubles
Employees 20,000
Stock Exchange NYSE
Ticker Symbol SYF
Full Company Profile

Financial Performance

In 2023, SYF's revenue was $7.66 billion, a decrease of -7.68% compared to the previous year's $8.30 billion. Earnings were $2.20 billion, a decrease of -26.16%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for SYF stock is "Hold." The 12-month stock price forecast is $41.44, which is a decrease of -7.95% from the latest price.

Price Target
$41.44
(-7.95% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Synchrony Reports First Quarter 2024 Results; Company also Announces Quarterly Stock Dividends and Approval of an Incremental $1.0 Billion Share Repurchase Program

STAMFORD, Conn. , April 24, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its first quarter 2024 results for the period ending March 31, 2024.

1 day ago - PRNewsWire

Synchrony Expands Dental Payment Offerings with Adit Practice Management Software Partnership

Partnership Extends CareCredit Access to Dental Practices Nationwide and Includes Integration with "Adit Pay" for Patients; Partnership Enables Streamlined Payment Options to Adit Users STAMFORD, Conn...

7 days ago - PRNewsWire

Synchrony Partners with BRP to Provide Retail Financing Options in the United States

Synchrony to Offer Consumers Flexible Financing on Powersports Products STAMFORD, Conn. , April 8, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today anno...

17 days ago - PRNewsWire

SYNCHRONY RECOGNIZED FOR ITS PEOPLE-CENTRIC CULTURE WITH NEW COMPANY RANKING

Work-Life Flexibility Propels Synchrony to be Named Top 5 Best Company to Work For in the U.S. 94% of U.S. Employees Say Synchrony is a Great Place to Work STAMFORD, Conn. , April 4, 2024 /PRNewswire/...

21 days ago - PRNewsWire

Biden's late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.

Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming back...

Other symbols: GPSJWNKSSLOWMROSTTJX
4 weeks ago - Market Watch

Synchrony to Announce First Quarter 2024 Financial Results on April 24, 2024

STAMFORD, Conn., March 26, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) plans to report its first quarter 2024 results on Wednesday, April 24, 2024.

4 weeks ago - PRNewsWire

Skipify and Synchrony Enter into Strategic Partnership to Simplify and Enhance Online Checkout

Synchrony links Synchrony Mastercard to Skipify's Connected Wallet to provide friction-free shopping experience for cardholders, wherever they shop. SAN FRANCISCO , March 13, 2024 /PRNewswire/ -- Skip...

6 weeks ago - PRNewsWire

IPH ENTERS STRATEGIC PARTNERSHIP WITH SYNCHRONY AND COMPLETES ACQUISITION OF PETS BEST

Synchrony Expands Leadership in the Pet Industry Through Ownership Stake in IPH; Two Synchrony Executives to Join IPH Board of Directors PHOENIX and STAMFORD, Conn. , March 6, 2024 /PRNewswire/ -- Ind...

7 weeks ago - PRNewsWire

Synchrony Completes Acquisition of Ally Lending

Strengthens Relationships in Home Improvement and Health and Wellness Financing  STAMFORD, Conn. , March 4, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) today announced it completed its acquisition of A...

7 weeks ago - PRNewsWire

Synchrony Dives for a Good Cause

STAMFORD, Conn. , Feb. 29, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, jumped into 2024 with its ninth annual "Doubles Dive" today.

7 weeks ago - PRNewsWire

Synchrony to Participate in the UBS Financial Services Conference

STAMFORD, Conn. , Feb. 20, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) Chief Financial Officer, Brian J.

2 months ago - PRNewsWire

PatientNow and Synchrony Enhance Partnership to Transform Payments and Digital Account Management Solutions For The Cosmetic Industry

Synchrony's CareCredit Now Available to Aesthetic and Cosmetic Businesses Through PatientNow Cloud-Based Practice Management Solution STAMFORD, Conn. and GREENWOOD VILLAGE, Colo.

3 months ago - PRNewsWire

Synchrony Announces Quarterly Common Stock Dividend of $0.25 Per Share

Company also declares preferred stock dividend STAMFORD, Conn. , Jan. 24, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash div...

3 months ago - PRNewsWire

Synchrony: Resilient Consumers Embrace ‘Pay Later' Options as Credit Trends Normalize

Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also gaining traction in P...

3 months ago - PYMNTS

Synchrony Reports Fourth Quarter 2023 Results

STAMFORD, Conn. , Jan. 23, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2023 results for the period ending December 31, 2023.

3 months ago - PRNewsWire

Synchrony's POS Acquisition Underscores Paying Over Time's Appeal Beyond the Cards

In an age where consumers are grappling with ways to manage debt, but also finance the purchases they need, point-of-sale financing is gaining ground. To that end, and as announced last week, Synchron...

3 months ago - PYMNTS

Synchrony to Acquire Ally Financial's POS Financing Arm

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally's point-of-sale financing business.  This acquisition includes $2.2 billion of loan receivables and relat...

Other symbols: ALLY
3 months ago - PYMNTS

Ally's stock rallies after earnings beat and deal with Synchrony

Ally Financial Inc.'s stock was up nearly 10% during the trading session on Friday — its best one-day rise in nearly a year — after the bank's earnings beat Wall Street estimates and the bank agreed t...

Other symbols: ALLY
3 months ago - Market Watch

Synchrony Browser Extension Aims to Drive Faster, Easier, and More Secure Online Checkout with Synchrony Cards

Trial With Synchrony General Purpose Credit Cards to Test Viability of Browser Extension STAMFORD, Conn. , Jan. 17, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer finance company, has ...

3 months ago - PRNewsWire

Synchrony and The Good Feet Store Extend Financing Partnership

Synchrony's CareCredit Ensures The Good Feet Store Has the Support It Needs to Drive Sales and Provide Financing Options to Customers STAMFORD, Conn. , Jan. 10, 2024 /PRNewswire/ -- Synchrony (NYSE: S...

3 months ago - PRNewsWire

Synchrony Expands into Pet Resorts with CareCredit Offering at Destination Pet

Destination Pet Selects CareCredit as its Financing Solution for all Locations Nationwide For the First Time, CareCredit to Offer Financing for Service Packages Versus Single Services STAMFORD, Conn. ...

3 months ago - PRNewsWire

Synchrony to Announce Fourth Quarter 2023 Financial Results on January 23, 2024

STAMFORD, Conn. , Jan. 2, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) plans to report its fourth quarter 2023 results on Tuesday, January 23, 2024.

4 months ago - PRNewsWire

Here's why analyst Richard Bove thinks the return of ‘the Goldman Sachs of old' is the right move

While Goldman Sachs Group Inc. has drawn criticism from inside the bank and elsewhere for retreating from its consumer banking business, Odeon Capital banking analyst Richard Bove said the marquee inv...

Other symbols: AAPLAXPGMGSJPMKKR
5 months ago - Market Watch

Synchrony Achieves Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

Company Earns 100 on Human Rights Campaign Foundation's Assessment of LGBTQ+ Workplace Equality for Eight Consecutive Years Synchrony Recognized as a Leader in LGBTQ+ Workplace Inclusion STAMFORD, Con...

5 months ago - PRNewsWire

Synchrony and The Human Animal Bond Research Institute Form Strategic Alliance to Champion the Human-Animal Bond

WASHINGTON and STAMFORD, Conn. , Nov. 30, 2023 /PRNewswire/ -- The Human Animal Bond Research Institute (HABRI) and Synchrony (NYSE: SYF), a leading consumer finance company, today announced a strateg...

5 months ago - PRNewsWire