Today we show investors how to screen for stocks that offer the potentially winning combination of impressive value and improving earnings outlooks to buy in November and beyond.
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Synchrony Financial's net interest income surged to a five-year high in Q3, driven by strong interest income growth outpacing interest expenses. Despite risks of rising loan delinquencies due to labor market volatility, SYF has an adequate allowance for credit losses, covering over 10.5% of gross loans. The Series A preferred shares are recommended over Series B due to a higher yield to call, despite Series B's higher dividend yield.
Does Synchrony (SYF) have what it takes to be a top stock pick for momentum investors? Let's find out.
Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Synchrony (SYF) and Brookfield Asset Management (BAM). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Synchrony (SYF) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Synchrony Financial SYF reported better-than-expected third-quarter financial results and raised its FY24 EPS guidance above estimates on Wednesday.
Synchrony Financial shares hit new highs, surpassing $55, driven by improved market sentiment about consumer health and strong quarterly results. The company beat expectations on net interest margin and non-interest expenses, despite slower purchase volumes and slight increases in delinquencies. Loan balances and net interest margin are growing, helped by proactive measures increasing fees and rates ahead of a proposed late fee cap.
SYF expects net interest income to remain flat sequentially in the fourth quarter of 2024.
Synchrony Financial (NYSE:SYF ) Q3 2024 Earnings Conference Call October 16, 2024 8:00 AM ET Company Participants Kathryn Miller - SVP of IR Brian Doubles - President and CEO Brian Wenzel - EVP and CFO Conference Call Participants Ryan Nash - Goldman Sachs Terry Ma - Barclays Don Fandetti - Wells Fargo Moshe Orenbuch - TD Cowen Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Mark DeVries - Deutsche Bank John Hecht - Jefferies Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Operator Good morning and welcome to the Synchrony Financial Third Quarter 2024 Earnings Conference Call. Please refer to the Company's Investor Relations website for access to their earnings materials.