Synchrony Financial: Tax Impact Dragged on Earnings in the Fourth Quarter [The Motley Fool]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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investors.synchronyfinancial.com/events-and-presentations
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Source: The Motley Fool
It pays to be a little more discerning with fourth-quarter earnings reports, particularly for financial institutions, which have a complicated relationship with the tax code. Store-card issuer and consumer lender Synchrony Financial ( NYSE:SYF ) reported that it earned net income of $385 million, or $0.49 per diluted share, in the fourth quarter. Excluding the one-time impact from the Tax Cuts and Jobs Act , the company would have earned $545 million, or $0.70 per diluted share. Synchrony Financial's fourth quarter: By the numbers Metric Q4 2017 Q4 2016 Year-Over-Year Change Purchase volume $36.6 billion $35.4 billion 3.4% Loan receivables $81.9 billion $76.3 billion 7.3% Adjusted diluted earnings per share $0.70 $0.70 N/A Data source: Synchrony Financial. Adjusted diluted earnings per share exclude the fourth-quarter impact of a reduced corporate tax rate in 2018
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News
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Synchrony Financial: Finally Getting Credit [Seeking Alpha]Seeking Alpha
- Synchrony Financial (NYSE: SYF) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- This Week In Credit Card News: The Cut In Late Fees May Increase Your Card's Interest Rate [Forbes]Forbes
- Bread Financial 'feverishly' preps for CFPB late-fee rule scenarios [Yahoo! Finance]Yahoo! Finance
SYF
Earnings
- 4/24/24 - Beat
SYF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- SYF's page on the SEC website