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 |
|---|---|---|---|
| 4/7/2025 | $44.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/28/2025 | $70.00 | Buy → Neutral | Compass Point |
| 1/6/2025 | $59.00 → $79.00 | Equal Weight → Overweight | Barclays |
| 12/19/2024 | $40.00 → $82.00 | Underweight → Overweight | Morgan Stanley |
| 12/9/2024 | $59.00 → $72.00 | Neutral → Overweight | Analyst |
| 12/3/2024 | $60.00 → $85.00 | Equal Weight → Overweight | Wells Fargo |
| 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 |
Morgan Stanley downgraded Synchrony Financial from Overweight to Equal-Weight and set a new price target of $44.00
Compass Point downgraded Synchrony Financial from Buy to Neutral and set a new price target of $70.00
Barclays upgraded Synchrony Financial from Equal Weight to Overweight and set a new price target of $79.00 from $59.00 previously
Morgan Stanley upgraded Synchrony Financial from Underweight to Overweight and set a new price target of $82.00 from $40.00 previously
Analyst upgraded Synchrony Financial from Neutral to Overweight and set a new price target of $72.00 from $59.00 previously
Wells Fargo upgraded Synchrony Financial from Equal Weight to Overweight and set a new price target of $85.00 from $60.00 previously
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
Multi-year Consumer Financing Agreement Features Digital-First Cardholder Experience and Rewards STAMFORD, Conn., April 17, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer financial services company, today announced a multi-year extension of its agreement to manage the credit programs of American Eagle Outfitters, Inc. (NYSE:AEO), a leading global specialty retailer. Synchrony will continue to deliver a frictionless consumer financing experience for American Eagle and Aerie customers to earn rewards when they use their Real Rewards credit card to shop online and in stores.
Synchrony and Ashley Extend Strategic Partnership to Drive Retail Growth and Offer Flexible Financing Options for Consumers STAMFORD, Conn., and ARCADIA, Wis., April 14, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer financial services company, and Ashley, the largest furniture store brand in North America, have renewed their long-standing consumer financing partnership. This extension ensures that Ashley customers will continue to benefit from Synchrony's flexible financing solutions making it easier to bring home quality furnishings that fit their lifestyle and budget.
STAMFORD, Conn., April 8, 2025 /PRNewswire/ -- Synchrony, (NYSE:SYF), a premier consumer financial services company, today announced a new integration with Adobe Commerce to help merchants grow their business by offering more flexibility and choice in financing to their customers. In today's competitive market, the ability to provide customers with longer-duration, convenient payment options is essential. With this integration, thousands of merchants that host websites on Adobe Commerce can offer the Synchrony product suite to accept Synchrony credit cards with extended term p
Donation Supports the Education, Professional Development and Advancement of Women in the Automotive Aftermarket STAMFORD, Conn., April 3, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced a $25,000 donation to Women in Auto Care, a community of the Auto Care Association. This contribution aligns with Synchrony's Education as an Equalizer program, and aims to support women in the automotive aftermarket industry. Synchrony's donation will fund professional development and the purchase of essential tools for women entering
STAMFORD, Conn., April 2, 2025 /PRNewswire/ -- In a vibrant celebration of spring and community spirit, Synchrony (NYSE:SYF), a premier consumer financial services company headquartered in Stamford, together with Mayor Caroline Simmons, Stamford Downtown and Stamford Parks Community Partnership, today celebrated the blooming of hundreds of daffodils planted across Downtown Stamford through a contribution from Synchrony. The beautifying of the park and surrounding small businesses is part of the company's commitment to giving back to the city where its employees and their families live and work.
Employee Co-Design Spurs Innovation and Business Success 94% of U.S. Employees Say Synchrony is a Great Place to Work STAMFORD, Conn., April 2, 2025 /PRNewswire/ -- Celebrating its people-centric culture that expands access to credit for consumers and helps businesses thrive, Synchrony (NYSE: SYF) was named today by Fortune magazine and Great Place to Work® as the number 2 Best Company to Work For® in the U.S. "I'm incredibly proud of our team and what we've built together," said Brian Doubles, President and CEO of Synchrony. "Our people are true partners in our success and there's no question we're a great place to do great work because of them. We listen to a
STAMFORD, Conn., April 1, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its first quarter 2025 results on Tuesday, April 22, 2025. 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 Synchro
STAMFORD, Conn., Feb. 3, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF) Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the UBS Financial Services Conference on Monday, February 10, 2025 at 9:40 a.m. (Eastern Time). A live webcast and replay will be made available on the Synchrony Investor Relations website at www.investors.synchrony.com. About SynchronySynchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass
STAMFORD, Conn., Jan. 28, 2025 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced its fourth quarter 2024 results for the period ending December 31, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/financial-information/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 busine
Synchrony Signs Multi-Year Extension of Strategic Credit Card Program with Sam's Club STAMFORD, Conn., Jan. 23, 2025 /PRNewswire/ -- Synchrony, a leading financing partner for many of America's most iconic brands, today announced a new multi-year extension of its more than 30-year strategic credit card relationship with Sam's Club, building on a longstanding collaboration dedicated to transforming the shopping and credit experiences and creating value for Sam's Club members. As part of the extension, Synchrony will continue to be the issuer of consumer, business and commercial
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STAMFORD, Conn., April 1, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its first quarter 2025 results on Tuesday, April 22, 2025. 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 Synchro
STAMFORD, Conn., Jan. 28, 2025 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced its fourth quarter 2024 results for the period ending December 31, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/financial-information/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 busine
Company also declares preferred stock dividends STAMFORD, Conn., Jan. 21, 2025 /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 18, 2025 to holders of record at the close of business on February 3, 2025. 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 Perp
STAMFORD, Conn., Jan. 7, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF) plans to report its fourth quarter 2024 results on Tuesday, January 28, 2025. 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 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
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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