Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
31 July 2014Website:
http://www.synchrony.comNext earnings report:
23 January 2025Last dividends:
05 August 2024Next dividends:
04 November 2024Price
after hours | 3 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
SYF Latest News
A recent study by Synchrony shows that 80% of pet owners are anxious about the possible expenses of specialty and emergency veterinary care. The "Veterinary Specialty Care Study" highlights that many pet parents lack information and have serious worries when their pets need specialized treatment. This research was conducted in Stamford, Connecticut, and released on October 29, 2024.
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Synchrony Financial, based in Stamford, Connecticut, announced on October 24, 2024, that its Board of Directors has approved a quarterly cash dividend of $0.25 for each share of common stock. This dividend will be paid on November 15, 2024, to those who are on record as shareholders by the end of business on November 4, 2024. The company also announced dividends for preferred stock.
Synchrony, a leading consumer financial services company, has donated $100,000 to Women in HVACR to help fund scholarships. This contribution is part of their Education as an Equalizer initiative, which aims to promote women's participation in trade jobs and enhance economic opportunities. The announcement was made on October 23, 2024, in Stamford, Connecticut.
In the third quarter, Synchrony Financial's net interest income reached its highest level in five years, thanks to a significant increase in interest income that exceeded interest expenses. Although there are concerns about potential loan delinquencies because of changes in the job market, SYF has set aside enough funds for credit losses, covering more than 10.5% of its total loans. The Series A preferred shares are suggested over Series B because they offer a better yield to call, even though Series B has a higher dividend yield.
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Synchrony (SYF) might be an excellent option for investors interested in purchasing stocks that have shown strong growth lately but are still priced fairly. It is among the stocks that passed our 'Fast-Paced Momentum at a Bargain' filter.
Investors interested in Financial - Miscellaneous Services stocks may have come across Synchrony (SYF) and Brookfield Asset Management (BAM). However, which of these two stocks is more appealing to value investors?
Synchrony Financial (SYF) announced its third-quarter financial results, which were better than anticipated, and increased its earnings per share (EPS) forecast for the fiscal year 2024 above expectations on Wednesday.
Synchrony Financial's stock reached new highs, exceeding $55, thanks to better market feelings about consumer well-being and solid quarterly performance. The company outperformed predictions for net interest margin and non-interest costs, even with a slowdown in purchase volumes and a small rise in delinquencies. Loan balances and net interest margin are on the rise, supported by actions taken to raise fees and rates before a suggested cap on late fees.
What type of business is Synchrony Financial?
Synchrony Financial is an American company that provides financial services to consumers in the United States, with headquarters in Stamford, Connecticut. It was founded in 2003. The company offers a wide range of specialized financing programs, as well as innovative solutions for consumer banking services. In addition, through its subsidiaries, it offers retail and commercial customers a variety of deposit products insured by the Federal Deposit Insurance Corporation, including certificates of deposit, individual retirement accounts, and savings accounts, and also accepts securities deposits through third-party brokerage firms.
What sector is Synchrony Financial in?
Synchrony Financial is in the Financial Services sector
What industry is Synchrony Financial in?
Synchrony Financial is in the Credit Services industry
What country is Synchrony Financial from?
Synchrony Financial is headquartered in United States
When did Synchrony Financial go public?
Synchrony Financial initial public offering (IPO) was on 31 July 2014
What is Synchrony Financial website?
https://www.synchrony.com
Is Synchrony Financial in the S&P 500?
Yes, Synchrony Financial is included in the S&P 500 index
Is Synchrony Financial in the NASDAQ 100?
No, Synchrony Financial is not included in the NASDAQ 100 index
Is Synchrony Financial in the Dow Jones?
No, Synchrony Financial is not included in the Dow Jones index
When was Synchrony Financial the previous earnings report?
No data
When does Synchrony Financial earnings report?
The next expected earnings date for Synchrony Financial is 23 January 2025