Synchrony Financial (SYF)
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]
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 StatementsAnalyst 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.
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.
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...
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...
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/...
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...
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.
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...
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...
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...
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.
Synchrony to Participate in the UBS Financial Services Conference
STAMFORD, Conn. , Feb. 20, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) Chief Financial Officer, Brian J.
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.
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...
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...
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.
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...
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...
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...
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 ...
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...
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. ...
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.
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...
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...
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...