Synchrony (SYF) Q1 Earnings Miss on Low Net Interest Margin [Yahoo! Finance]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Yahoo! Finance
Net interest income improved 8.9% year over year to $4.4 billion, however, missing the consensus mark by 0.9%. The quarterly results suffered from lower net interest margins, new accounts and higher net-charge off rates and expenses. Nevertheless, SYF's performance received an impetus from robust purchase volume stemming from the solid contributions from four of its five sales platforms. An expanding loan receivables portfolio also contributed to the upside. Synchrony Financial Price, Consensus and EPS Surprise Synchrony Financial price-consensus-eps-surprise-chart | Synchrony Financial Quote Q1 Results in Detail Other income of Synchrony amounted to $1.2 billion, which surged by a huge margin year over year in the first quarter primarily due to gain on the sale of Pets Best. The metric also rose due to improved growth in interchange and protection product revenues of 3.9% and 22.6%, respectively. Total loan receivables of SYF grew 11.6% year over year to $101.7 billion a
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News
- Synchrony Extends Partnership with Affordable Care Offering CareCredit to PatientsPR Newswire
- Synchrony Financial (NYSE: SYF) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $62.00 price target on the stock, up previously from $45.00.MarketBeat
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- Synchrony and ServiceTitan Join Forces to Streamline Home Improvement FinancingPR Newswire
SYF
Earnings
- 4/24/24 - Beat
SYF
Sec Filings
- 5/2/24 - Form 144
- 4/25/24 - Form 10-Q
- 4/25/24 - Form ARS
- SYF's page on the SEC website