Summary
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SYF Joins Forces With Payzer to Streamline Home Improvement Financing
Synchrony teams up with Payzer to embed financing into contractor tools, aiming to boost speed, flexibility and customer satisfaction.
Synchrony Financial: Sticking With The 7.65% Yielding Series A Preferred Shares
I prefer Synchrony Financial's Series A preferred shares over Series B, given the likelihood of lower interest rates and capital appreciation potential. SYF's strong interest income and resilient asset yields offset rising borrowing costs, though net interest margin has declined slightly in recent quarters. Loan balances dropped in Q1, but deposit growth improved the loan-to-deposit ratio; increased external borrowing suggests potential for future loan growth.
Here's Why Synchrony (SYF) is a Strong Value Stock
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Synchrony Financial Profile
| Financial - Credit Services Industry | Financial Services Sector | Mr. Brian D. Doubles CEO | NYSE Exchange | 87165B103 Cusip |
| US Country | 20,000 Employees | - Last Dividend | - Last Split | 31 Jul 2014 IPO Date |
Overview
Synchrony Financial, along with its subsidiaries, stands as a leading consumer financial services company within the United States. Founded in 1932 and headquartered in Stamford, Connecticut, the company specializes in offering a broad spectrum of credit and financial products to a diverse client base. Synchrony Financial operates by establishing partnerships with a wide range of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare providers to deliver its credit products, while its deposit products are made accessible through various digital and traditional channels. The company's commitment to financial innovation and customer service has cemented its position within the industry, serving sectors such as digital, health and wellness, retail, home, auto, telecommunications, jewelry, pets, and more.
Products and Services
- Credit Products: Synchrony Financial offers a variety of credit products including credit cards, commercial credit products, and consumer installment loans. These are designed to cater to the diverse needs of consumers, enabling flexible spending and payment options.
- Private Label Credit Cards: Tailored for retailers, these cards help businesses to encourage loyalty and repeat shopping by offering customers special financing options and benefits on purchases.
- Dual Co-Brand and General Purpose Credit Cards: These cards provide consumers with the flexibility to earn rewards across a wide range of purchases, enhancing the shopping experience with strategic partnerships between brands and Synchrony Financial.
- Installment Loans: Offering both short- and long-term installment loans, Synchrony facilitates consumers in managing large purchases or expenses with structured payment plans.
- Consumer Banking Products: Including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts. Synchrony's banking products provide consumers with safe and effective ways to save and grow their money.
- Deposit Products: Through a variety of channels, including third-party securities brokerage firms, Synchrony accepts deposits that fuel its lending and credit operations, offering competitive rates to savers.
- Debt Cancellation Products: Catering mainly to credit card customers, these products offer protection against unforeseen events that may impact a consumer's ability to repay their debt.
- Healthcare Payments and Financing Solutions: Under the CareCredit and Walgreens brands, the company provides specialized financial solutions to make healthcare more accessible and affordable for consumers.
- Payments and Financing Solutions in Various Industries: Synchrony extends its financial solutions to sectors like apparel, specialty retail, outdoor, music, luxury, and more, partnering with brands such as American Eagle, Dick's Sporting Goods, Guitar Center, and others to offer tailored financing options.
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