Synchrony sees purchase volumes drop, asset quality rise [Seeking Alpha]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Seeking Alpha
FinancialsSynchrony sees purchase volumes drop, asset quality riseApr. 21, 2020 3:42 PM ET|Synchrony Financial (SYF)Liz KiescheWith all eyes on purchasing trends from mid-March on, Synchrony Financial (-2.4%purchase volume fallWorld sales purchase volume fell 27% during the same period, he said.The company's asset quality has improved asset, though, since the financial crisis —73% of its portfolio has a FICO score higher than 660 vs. 61% in 2008, partly because it no longer has the Walmart portfolio. Cardmembers with a FICO score of 600 or lower now accounts for only 9% of its portfolio vs. 19% in 2008.So far about 800K accounts to date, with ~$1.6B in balances, have used Synchrony's relief programs related to COVID-19, which includes waiving fees or minimum payments or deferring the minimum payment. "And we have not seen a tremendous amount of people needing that minimum pay deferral at this point," he said.In terms of SYF's outlook on net charge-offs, Wenzel said that's likely to b
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SYF
News
- Synchrony Financial (NYSE:SYF) had its "neutral" rating reaffirmed by analysts at Robert W. Baird. They now have a $82.00 price target on the stock.MarketBeat
- Synchrony and METUS Renew Relationship to Offer Customers Flexible HVAC Financing for Greater ComfortPR Newswire
- Synchrony to Participate in the 2025 Goldman Sachs Financial Services ConferencePR Newswire
- Synchrony Financial (NYSE:SYF) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=SYF&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street MarketBeat
- Synchrony and The Toro Company Launch New Credit Card for Financing Lawn EquipmentPR Newswire
SYF
Earnings
- 10/15/25 - Beat
SYF
Sec Filings
- 11/19/25 - Form 4
- 11/19/25 - Form 4
- 11/19/25 - Form 4
- SYF's page on the SEC website