Synchrony Financial stock is valued cheaper than peers even near all-time highs. P/E is below peers despite better profitability metrics. Consumer spending is starting to slow, but loan balances and interest income are still growing. Late payment rates appear to have peaked. Synchrony's common stock remains a Buy. The preferred shares offer safe dividends for more risk-averse investors. Series A is the better preferred to own when rates are falling.
For the second half of the year, Synchrony (SYF) expects purchase volumes to decrease flat to low single digit from the year-ago period due to credit actions and softening consumer demand.
Although the revenue and EPS for Synchrony (SYF) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Synchrony (SYF) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.32 per share a year ago.
Synchrony's (SYF) second-quarter results are likely to reflect rising purchase volumes but lower interest margins.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Synchrony (SYF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Synchrony (SYF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Baird analysts initiated coverage of the financial-services company's stock at Outperform with a price target of $56.
Synchrony (SYF) expands its partnership with Atlanticus in a bid to attract a large customer base and enhance customer experience.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Synchrony Financial recently issued a Series B preferred share yielding above 8%. Synchrony Financial's profitability has been impacted by higher operating expenses and credit losses. Series B preferred shares offer fixed dividends until reset in 2029, with the potential for lower rates in the future.
Synchrony (SYF) expands its partnership with LG Electronics to provide financing options for the purchase of Home 8 Energy Systems.