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 |
Technology Integration to Transform Home Improvement Financing for Contractors and Their Customers STAMFORD, Conn., June 18, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier financial services company, and Payzer, a WEX company that provides field service management software for residential contractors, have partnered to offer a comprehensive digital process designed to streamline sales and business transactions for contractors. This collaboration integrates Synchrony's robust financing options directly into Payzer's solution, making it easier for contractors to help customers fund their home improvement projects.
Resource hub combines the company's principles with new consumer tools in a bold move toward industry transparency in Health & Wellness New procedure calculator provides estimates of the most-searched procedures in the U.S. by zip code STAMFORD, Conn., June 16, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer finance company, has always believed that consumers need clear and understandable information to feel confident in their decision-making process when considering financing options. To further its mission to better serve Americans through financial education and transparency, Synchrony, and its leading health and wellness financial solution, CareCredit, today launched a new
STAMFORD, Conn., June 11, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company headquartered in Stamford, this week joined students and community leaders to celebrate the opening of the new Future 5 hub. Located in the heart of downtown, the hub is just one facet of Synchrony's partnership with Future 5 and will be a space for disconnected Stamford High School students to link with their community, peers, and coaches to work toward college, careers, and future success. A 2023 report highlighted that approximately 1 in 5 young people aged 1
Fortune magazine and Great Place to Work recognize financial leader for creating a workplace where trust, flexibility and innovation thrive for Tri-State employees STAMFORD, Conn., June 11, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF), a leading consumer financing company at the heart of American commerce and opportunity, has been named No. 1 on the 2025 Fortune Best Workplaces in New York™ List by Great Place To Work®. Synchrony's award-winning workplace is driven by a simple yet powerful formula: trust, flexibility, listening, and constant innovation in how the company and its teams work.
Synchrony to become exclusive issuer of OnePay credit cards at Walmart, with the credit card experience embedded inside the OnePay app The program will add credit cards to OnePay's growing portfolio of financial services products, helping consumers save, spend, borrow, and grow their money — all in one place NEW YORK and STAMFORD, Conn., June 09, 2025 (GLOBE NEWSWIRE) -- OnePay, a leading consumer fintech, and Synchrony (NYSE:SYF), a premier consumer financial services company, today announced a strategic partnership to exclusively power a new industry-leading credit card program with Walmart (NYSE:WMT). The credit card program is expected to launch this fall, with the experience embedde
Synchrony to become exclusive issuer of OnePay credit cards at Walmart, with the credit card experience embedded inside the OnePay app The program will add credit cards to OnePay's growing portfolio of financial services products, helping consumers save, spend, borrow, and grow their money — all in one place NEW YORK and STAMFORD, Conn., June 9, 2025 /PRNewswire/ -- OnePay, a leading consumer fintech, and Synchrony (NYSE:SYF), a premier consumer financial services company, today announced a strategic partnership to exclusively power a new industry-leading credit card program with Walmart (NYSE:WMT). The credit card program is expected to launch this fall, with the experience embedded inside
Includes a limited-time offer for customers to pay for travel purchases over six months with promotional financing and no minimum spend1 SAN JOSE, Calif., June 3, 2025 /PRNewswire/ -- Today, PayPal announced that PayPal Credit can now be used everywhere with the introduction of a new physical card, issued by Synchrony (NYSE:SYF). This expands its popular digital PayPal Credit offering to use both online when checking out with PayPal and in-store and everywhere Mastercard® is accepted. When using the new physical card, customers will also have access to a limited-time offer to
STAMFORD, Conn., June 3, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF) Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the Morgan Stanley US Financials Conference on Tuesday, June 10, 2025 at 8:15 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 leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the n
Lifetime of Care Costs Continue to Rise From 2022 Findings — Up More Than 10% For Dogs and Nearly 20% For Cats 2025 Study Adds Data on Small Companion Animals, Also Called "Pocket Pets" STAMFORD, Conn., June 2, 2025 /PRNewswire/ -- Synchrony's (NYSE:SYF) new 2025 Pet Lifetime of Care Study reveals nearly 8 out of 10 pet owners underestimate the cost to care for their pet over a lifetime. The report highlights a growing trend of pet owners viewing their animals as part of the family and committing to high-quality care, even as nearly half report that unexpected expenses cause significant financial worry. Expanding on original research conducted in 2022, this new study surveyed nearly 5,000 U.
Synchrony Financing Solutions Will Be Offered in Jewelers Mutual Marketing Materials and in Zing Marketplace STAMFORD, Conn., May 28, 2025 /PRNewswire/ -- Synchrony (NYSE:SYF), a premier consumer financial services company, and Jewelers Mutual®, an insurer dedicated to protecting jewelry and jewelry businesses for over a century, today announced a new sponsorship agreement to co-market both services to jewelry merchants looking to make customers aware of both financing and insurance coverage options. "Through this new sponsorship agreement with Jewelers Mutual, we are extendin
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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
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Includes a limited-time offer for customers to pay for travel purchases over six months with promotional financing and no minimum spend1 SAN JOSE, Calif., June 3, 2025 /PRNewswire/ -- Today, PayPal announced that PayPal Credit can now be used everywhere with the introduction of a new physical card, issued by Synchrony (NYSE:SYF). This expands its popular digital PayPal Credit offering to use both online when checking out with PayPal and in-store and everywhere Mastercard® is accepted. When using the new physical card, customers will also have access to a limited-time offer to
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
Company also declares preferred stock dividends STAMFORD, Conn., April 22, 2025 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) today announced first quarter 2025 results for the period ending March 31, 2025. The Earnings Release and presentation can be found on the company's Investor Relations website at https://investors.synchrony.com/financial-information/financial-results. Today at 8:00 a.m. Eastern Time, 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
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