2 Initiatives That Will Boost Synchrony Financial's Returns [The Motley Fool]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: The Motley Fool
The company's credit-quality metrics highlight near-term pain, but Synchrony is laying the groundwork for higher margins. Sometimes, a small drift in closely watched measurements can shed light on powerful trends in a business. During the fourth quarter of 2017, Synchrony Financial ( NYSE:SYF ) reported slight but significant declines in its credit-quality metrics. Net charge-offs reached 5.78% of total loan receivables, an increase of 113 basis points over the fourth quarter of 2016. The company bumped its allowance for loan losses as a percentage of total receivables to 6.8%, a rise of roughly 1 percentage point against the prior-year quarter. And customers took more time to make payments on their accounts: Loans 30-plus days past due at period-end ticked up slightly to 4.67%, versus 4.32% in Q4 2016. All of the changes above can be traced to credit normalization, which management has discussed in detail in recent earnings conference calls. As revolving credit become
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News
- 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
- Synchrony Financial (NYSE: SYF) had its price target raised by analysts at TD Cowen from $49.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
- Synchrony Financial (NYSE:SYF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Synchrony Financial (NYSE: SYF) had its price target raised by analysts at BMO Capital Markets from $40.00 to $41.00. They now have a "market perform" rating on the stock.MarketBeat
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