Synchrony Financial operates as a consumer financial services company in the United States. It provides a range of specialized financing programs and consumer banking products to digital, retail, home, auto, travel, health, and pet industries. The company also offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards, dual cards, and installment loans. In addition, it provides promotional financing to consumers for health, veterinary and personal care procedures, and services and products, such as dental, vision, audiology, and cosmetic; debt cancellation products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. Synchrony Financial was incorporated in 2003 and is headquartered in Stamford, Connecticut.
IPO Year: 2014
Exchange: NYSE
Website: synchrony.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/16/2024 | Buy → Neutral | BTIG Research | |
| 8/9/2024 | $54.00 | Neutral → Buy | BofA Securities |
| 7/16/2024 | $56.00 | Buy | Compass Point |
| 6/28/2024 | $56.00 | Outperform | Robert W. Baird |
| 6/7/2024 | $60.00 | Buy | BTIG Research |
| 5/2/2024 | $45.00 → $62.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/4/2024 | $36.00 → $50.00 | Underperform → Outperform | Wolfe Research |
| 2/8/2024 | $30.00 | Underweight | Morgan Stanley |
| 1/10/2024 | $56.00 | Buy | Deutsche Bank |
| 1/10/2024 | $40.00 | Outperform → Market Perform | BMO Capital Markets |
Expanded Partnership Adds Buy Now, Pay Later Installment Loans to JCPenney Financing Options STAMFORD, Conn., Oct. 30, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF) today announced a long-term extension of their nearly 25-year partnership with JCPenney. Synchrony and JCPenney have partnered for more than two decades to manage and service rewards-rich credit cards for JCPenney customers at the retailer's more than 650 stores in the U.S. and Puerto Rico, as well as JCPenney.com. The long-standing partnership has been expanded to include new financing options that offer customers mo
Veterinary Specialty Care: A Synchrony Lifetime of Care Study Reveals 80% of Pet Parents Are Worried About Potential Costs for Specialty and Emergency Veterinary Care STAMFORD, Conn., Oct. 29, 2024 /PRNewswire/ -- According to Synchrony's new "Veterinary Specialty Care Study," pet parents have significant concerns and information gaps when their pet requires veterinary specialty care. Further, it reveals a need to bridge communication gaps between general practice and specialty veterinary teams. Findings revealed that: 72% of pet parents are very/extremely concerned about the
Company also declares preferred stock dividends STAMFORD, Conn., Oct. 24, 2024 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock, payable on November 15, 2024 to holders of record at the close of business on November 4, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") and 8.250% Fixed Rate Reset Non-Cumulative Perpe
STAMFORD, Conn., Oct. 16, 2024 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced its third quarter 2024 results for the period ending September 30, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The confer
Industry innovation means CareCredit and Pets Best Pet Insurance work seamlessly together to provide pet parents with easy and flexible financial solution New reimbursement process to scale to additional IPH insurers in coming months STAMFORD, Conn., Oct. 9, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF), a leading consumer financing company, today announced the launch of a first-of-its-kind payment experience for pet parents. For consumers who have both CareCredit and Pets Best pet insurance, this simple and seamless innovation connects the two solutions by directly reimbursing insurance claims to the CareCredit health and wellness credit card, streamlining the payment process for the pet parent
CareCredit Named Preferred Financing Solution for PSIvet Members, Extending Access to Convenient Financing Options STAMFORD, Conn., Oct. 1, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer finance company, is a strong supporter of independent veterinary practices and their roles in the communities they serve. Today, the company has announced that its CareCredit health and wellness credit card was selected as the preferred financing solution for PSIvet, a group purchasing organization (GPO) that works to strengthen, support and advocate for more than 5,500 independent veterinary practices nationwide.
With This Multi-Year Deal Extension, The Companies Will Continue To Provide Innovative Financial Solutions for Athletes STAMFORD, Conn. and PITTSBURGH, Sept. 26, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer financial services company, and DICK'S Sporting Goods (NYSE:DKS) announced today a multi-year extension of their strategic partnership, which will allow the companies to continue and enhance athlete services and experiences. "Synchrony remains committed to driving athlete loyalty with the DICK'S Sporting Goods ScoreRewards Credit Card program," said Darrell
STAMFORD, Conn., Sept. 25, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its third quarter 2024 results on Wednesday, October 16, 2024. The earnings release and presentation materials are scheduled to be released and posted to the Investor Relations section of the Company's website, www.investors.synchrony.com, at approximately 6:00 a.m. Eastern Time. A conference call to discuss Synchrony's results will be held at 8:00 a.m. Eastern Time on that day; the live audio webcast and replay can be accessed through the same website under Events and Presentations. About Sy
CareCredit health and wellness credit card to be accepted at Albertsons Cos. stores for health and wellness products STAMFORD, Conn., Sept. 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, and Albertsons Companies, Inc., a leading food and drug retailer, today announced the acceptance of the CareCredit health and wellness credit card in nearly 2,200 Albertsons Cos. stores including Albertsons, Safeway, Vons, ACME, Shaw's and Jewel-Osco. "At Synchrony, we know our families' health and wellness is not just pursued at the doctor's of
Seasoned executive deepens financial, risk and strategic expertise STAMFORD, Conn., Sept. 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF), a premier consumer financial services company, today announced Daniel Colao, a retired financial services executive with over 30 years of industry experience, has been appointed to Synchrony's Board of Directors, effective October 1, 2024. "We're thrilled to welcome Dan back to the Synchrony Board of Directors," said Brian Doubles, President and Chief Executive Officer. Mr. Colao previously served on the Company's Board from Februa
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Company also declares preferred stock dividends STAMFORD, Conn., Oct. 24, 2024 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock, payable on November 15, 2024 to holders of record at the close of business on November 4, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") and 8.250% Fixed Rate Reset Non-Cumulative Perpe
STAMFORD, Conn., Oct. 16, 2024 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced its third quarter 2024 results for the period ending September 30, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The confer
STAMFORD, Conn., Sept. 25, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its third quarter 2024 results on Wednesday, October 16, 2024. The earnings release and presentation materials are scheduled to be released and posted to the Investor Relations section of the Company's website, www.investors.synchrony.com, at approximately 6:00 a.m. Eastern Time. A conference call to discuss Synchrony's results will be held at 8:00 a.m. Eastern Time on that day; the live audio webcast and replay can be accessed through the same website under Events and Presentations. About Sy
Company also declares preferred stock dividends STAMFORD, Conn., July 23, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock, payable on August 15, 2024 to holders of record at the close of business on August 5, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") and 8.250% Fixed Rate Reset Non-Cumulative Perpetua
STAMFORD, Conn., July 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced its second quarter 2024 results for the period ending June 30, 2024. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business
STAMFORD, Conn., June 20, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its second quarter 2024 results on Wednesday, July 17, 2024. The earnings release and presentation materials are scheduled to be released and posted to the Investor Relations section of the Company's website, www.investors.synchrony.com, at approximately 6:00 a.m. Eastern Time. A conference call to discuss Synchrony's results will be held at 8:00 a.m. Eastern Time on that day; the live audio webcast and replay can be accessed through the same website under Events and Presentations. About Synchr
STAMFORD, Conn., April 24, 2024 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced its first quarter 2024 results for the period ending March 31, 2024. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-information/financial-results. Today at 8:00 AM ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlo
STAMFORD, Conn., March 26, 2024 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its first quarter 2024 results on Wednesday, April 24, 2024. The earnings release and presentation materials are scheduled to be released and posted to the Investor Relations section of the Company's website, www.investors.synchrony.com, at approximately 6:00 a.m. Eastern Time. A conference call to discuss Synchrony's results will be held at 8:00 a.m. Eastern Time on that day; the live audio webcast and replay can be accessed through the same website under Events and Presentations. About Sync
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 dividend of $0.25 per share of common stock, payable on February 15, 2024 to holders of record at the close of business on February 5, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock"). Each outstanding share of the Series A Preferr
STAMFORD, Conn., Jan. 23, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2023 results for the period ending December 31, 2023. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. Today at 8:00 AM ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain bus
Seasoned executive deepens financial, risk and strategic expertise STAMFORD, Conn., Sept. 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF), a premier consumer financial services company, today announced Daniel Colao, a retired financial services executive with over 30 years of industry experience, has been appointed to Synchrony's Board of Directors, effective October 1, 2024. "We're thrilled to welcome Dan back to the Synchrony Board of Directors," said Brian Doubles, President and Chief Executive Officer. Mr. Colao previously served on the Company's Board from Februa
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/ -- Independence Pet Holdings, Inc. ("IPH"), a leading multi-brand, multi-channel pet insurance provider, and Synchrony (NYSE:SYF), a premiere consumer financial services company, today announced that IPH has completed the acquisition of Pets Best Insurance Services, LLC ("Pets Best") from Synchrony. Synchrony received a portion of the consideration as an equity investment in IPH and committed to enter into a commercial agreement with IPH, both of which will help expand IPH's activities in the pet indus
STAMFORD, Conn., Sept. 2, 2022 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer financial services company, today announced Will Graylin has resigned from its Board of Directors. Graylin is leaving to focus on leading OV Loop, an everywhere-commerce super-app company he founded, and Indigo Tech, a next generation EV company powered by road sensing smart-wheels, where he serves as Chairman and Chief Executive Officer. Graylin, who has been a Synchrony Board member since 2015, has no disagreements with the Company and is leaving on good terms. "On behalf of our Board and
NASHVILLE, Tenn., April 6, 2022 /PRNewswire/ -- Phosphorus Cybersecurity™, the leading provider of full scope security for Internet of Things devices, is pleased to announce the appointment of security industry luminary Art Coviello Jr. as Chairman of its Board of Directors. Coviello's appointment reflects his belief in Phosphorus Cybersecurity™ as the only company with a robust and proven security solution for protecting the Internet of Things from malicious cyber attacks and insider attacks. Coviello will provide strategic guidance to Phosphorus Cybersecurity™'s executive l
Leading technology and operations executive brings additional expertise in payments and financial services STAMFORD, Conn., April 4, 2022 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer financial services company, today announced Kamila Chytil has been appointed to Synchrony's board of directors, effective April 1. "We're excited to welcome Kamila to the Synchrony Board of Directors," said Brian Doubles, Synchrony president and chief executive officer. "Kamila brings extensive expertise in electronic payments technology and operations and will be a valuable member of
STAMFORD, Conn., Jan. 12, 2021 /PRNewswire/ -- Synchrony (NYSE: SYF) today announced Margaret Keane, Chief Executive Officer, will transition to the role of Executive Chair of the Board of Directors of Synchrony. Synchrony's Board of Directors unanimously elected Brian Doubles, President, to become President and Chief Executive Officer and a member of the Board of Directors. Both appointments are effective April 1, 2021. Synchrony (NYSE: SYF), a leading consumer finance company, announced today that its Board of Directors approved a planned succession process that will become effective on April 1, 2021. Margaret Keane (left), Synchrony’s CEO, will transition from CEO to Executi
Wells Fargo analyst Donald Fandetti maintains Synchrony Finl (NYSE:SYF) with a Equal-Weight and raises the price target from $49 to $53.
JMP Securities analyst David Scharf reiterates Synchrony Finl (NYSE:SYF) with a Market Outperform and maintains $60 price target.
Synchrony Financial (NYSE:SYF) reported better-than-expected second-quarter results on Wednesday. The company posted quarterly net interest income of $4.405 billion, beating the consensus of $4.287 billion. The company reported EPS of $1.55, above the consensus of $1.3, according to data from Benzinga Pro. Loan receivables rose 8% to $102.3 billion, and purchase volume declined 1% to $46.8 billion. Interest and fees on loans increased 10% year over year to $5.3 billion, led by increased average loan receivables. For FY24, Synchrony said it expects EPS of $7.60 – $7.80 versus $7.25 consensus; this includes the late fee rule implementation date of October 1, 2024, the impact of PPPC p
Barclays analyst Terry Ma maintains Synchrony Finl (NYSE:SYF) with a Equal-Weight and raises the price target from $46 to $49.
Goldman Sachs analyst Alex Scott maintains Synchrony Finl (NYSE:SYF) with a Buy and raises the price target from $49 to $56.
RBC Capital analyst Jon Arfstrom maintains Synchrony Finl (NYSE:SYF) with a Sector Perform and raises the price target from $50 to $55.
BMO Capital analyst James Fotheringham maintains Synchrony Finl (NYSE:SYF) with a Market Perform and lowers the price target from $42 to $41.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird boosted the price target for e.l.f. Beauty, Inc. (NYSE:ELF) from $210 to $230. Baird analyst Joel Beatty upgraded the stock from Neutral to Outperform. e.l.f. Beauty shares declined 9.7% to close at $170.70 on Wednesday. See how other analysts view this stock. B of A Securities increased the price target for Synchrony Financial (NYSE:SYF) from $51 to $56. B of A Securities analyst Mihir Bhatia maintained a Neutral rating Synchrony Financial shares gained 1% to close at $52.22 on Wednesday. Se
B of A Securities analyst Mihir Bhatia maintains Synchrony Finl (NYSE:SYF) with a Neutral and raises the price target from $51 to $56.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the “Neutral” zone on Wednesday. U.S. stocks closed mixed on Wednesday, with the Nasdaq Composite recording its worst session since Dec. 2022. On the economic data front, industrial production in the U.S. climbed 0.6% from a month ago in June compared to market estimates of a 0.3% gain. U.S. housing starts increased by 3% from the prior month to an annualized rate of 1,314,000 in June, while building permits climbed by 3.4% to an annual rate of 1.446 million in June. Semiconductor stocks moved lower on Wednesday amid reports Biden is considering further China restrictions an
BTIG Research downgraded Synchrony Financial from Buy to Neutral
BofA Securities upgraded Synchrony Financial from Neutral to Buy and set a new price target of $54.00
Compass Point initiated coverage of Synchrony Financial with a rating of Buy and set a new price target of $56.00
Robert W. Baird initiated coverage of Synchrony Financial with a rating of Outperform and set a new price target of $56.00
BTIG Research initiated coverage of Synchrony Financial with a rating of Buy and set a new price target of $60.00
Keefe Bruyette upgraded Synchrony Financial from Mkt Perform to Outperform and set a new price target of $62.00 from $45.00 previously
Wolfe Research upgraded Synchrony Financial from Underperform to Outperform and set a new price target of $50.00 from $36.00 previously
Morgan Stanley resumed coverage of Synchrony Financial with a rating of Underweight and set a new price target of $30.00
Deutsche Bank initiated coverage of Synchrony Financial with a rating of Buy and set a new price target of $56.00
BMO Capital Markets downgraded Synchrony Financial from Outperform to Market Perform and set a new price target of $40.00
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