Synchrony Financial beats estimates; credit metrics worsen [Seeking Alpha]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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US:NYSE Investor Relations:
investors.synchronyfinancial.com/events-and-presentations
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Source: Seeking Alpha
Net interest income up 13% Y/Y to $3.6B. Net interest margin of 16.2% up 26 basis points. Provisions up $305M to $1.326B. Loans 30+ days past due as a percentage of total loans rises to 4.25% from 3.79%. Net charge-off ratio rises to 5.42% from 4.51%. Loan loss allowance of 6.63% vs. 5.7%. Period-end loans up 11% Y/Y, with purchase volume growth of 6% and average active account growth of 5%. Deposit growth up 14%, and comprises 72% of funding vs. 71% a year ago. Conference call at 8:30 ET Previously: Synchrony Financial beats by $0.04, beats on net interest income (July 21) SYF premarket Now read: Synchrony: Asset Quality Is A Risk But It Is Not A Showstopper »
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SYF
News
- 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
- 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
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