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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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
- Santander adds ex-Marcus head to lead retail banking and digital push [Yahoo! Finance]Yahoo! Finance
- Here's Why You Should Hold Synchrony (SYF) in Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Synchrony to Announce First Quarter 2024 Financial Results on April 24, 2024PR Newswire
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Synchrony (SYF), Skipify to Ease Online Shopping Experience [Yahoo! Finance]Yahoo! Finance
SYF
Earnings
- 1/24/24 - Beat
SYF
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/15/24 - Form 144
- SYF's page on the SEC website