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Synchrony Financial (SYF.N)

SYF.N on New York Stock Exchange

37.15USD
23 Feb 2018
Change (% chg)

$0.82 (+2.26%)
Prev Close
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Volume
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$40.58
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Latest Key Developments (Source: Significant Developments)

Synchrony Financial Q4 Earnings Per Share $0.49
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Synchrony Financial ::REPORTS FOURTH QUARTER NET EARNINGS OF $385 MILLION OR $0.49 PER DILUTED SHARE INCLUDING IMPACT FROM TAX CUTS AND JOBS ACT; $545 MILLION OR $0.70 EXCLUDING IMPACT.Q4 EARNINGS PER SHARE $0.49.Q4 EARNINGS PER SHARE VIEW $0.66 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME INCREASED 8% FROM Q4 OF 2016 TO $3.9 BILLION.- IN QUARTER, TAX ACT RESULTED IN $160 MILLION OF ADDITIONAL TAX EXPENSE PRIMARILY DUE TO TAX ACT'S REDUCTION IN CORPORATE TAX RATE.  Full Article

PayPal raises Q4 revenue, EPS forecast after deal with Synchrony Financial
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Paypal Holdings Inc :PayPal - sees Q4 revenue between $3.64 billion-$3.70 billion versus previous forecast $3.57 billion-$3.63 billion - Conf call.PayPal - sees Q4 EPS between 52 cents-59 cents versus previous forecast 37 cents-39 cents - Conf call.PayPal - sees 2018 revenue growth of about 16.5 percent versus previous forecast 20 percent - Conf call.PayPal - updates guidance to reflect impacts of deal with Synchrony Financial - Conf call.  Full Article

Synchrony Financial sees deal with PayPal EPS accretive in 2019
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Synchrony financial :Synchrony financial says transaction with paypal not expected to impact current capital plan announced may 17- sec filing‍​.Synchrony financial - sees deal with paypal eps accretive in 2019.Synchrony financial - expects paypal deal to be $0.03 dilutive to eps in ‍4q17 due to pre-funding and deal-related expenses​.Synchrony financial - expects paypal deal to be $0.05 dilutive to eps in ‍1h18 due to pre-funding and onboarding costs​.Synchrony financial - expects paypal deal to be $0.20 dilutive to eps in ‍2h18 primarily due to allowance build​.Synchrony financial - post closing of deal with paypal, sees eps impact of about $0.20 dilutive in second half 2018, assuming july 1, 2018 close.  Full Article

PayPal and Synchrony Financial announce expanded strategic credit relationship
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - PayPal Holdings Inc :PayPal and Synchrony Financial announce expanded strategic credit relationship.Synchrony Financial - co will buy $6.8 billion in receivables, including PayPal's U.S. Consumer credit receivables portfolio.Synchrony Financial - ‍at closing, PayPal and Synchrony Bank will extend existing co-brand consumer credit card program agreement​.Synchrony Financial -‍ at closing,Synchrony Bank to become exclusive issuer of PayPal Credit online consumer financing program, in U.S. For 10 years​.  Full Article

Synchrony Financial reports Q3 earnings per share of $0.70
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Synchrony Financial :Synchrony Financial reports third quarter net earnings of $555 million or $0.70 per diluted share.Q3 earnings per share $0.70.Q3 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Synchrony Financial - ‍net interest income increased $395 million, or 11%, to $3.9 billion, primarily driven by strong loan receivables growth​.Synchrony Financial - qtrly ‍net interest income increased 11% from q3 of 2016 to $3.9 billion​.  Full Article

Synchrony Financial files for pricing of $200.0 mln senior notes
Thursday, 25 Aug 2016 

Synchrony Financial : Files for pricing of $200.0 million floating rate senior notes due 2017 - SEC filing Source: (http://bit.ly/2bCulUh) Further company coverage: [SYF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Synchrony Financial reports Q2 earnings per share $0.58
Friday, 22 Jul 2016 

Synchrony Financial : Synchrony Financial reports second quarter net earnings of $489 million or $0.58 per diluted share . Q2 earnings per share $0.58 . Q2 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Qtrly net interest income increased $305 million, or 10 pct, to $3.2 billion . Share repurchase program of up to $952 million for four quarters ending June 30, 2017 . Synchrony Financial qtrly provision for loan losses increased $281 million to $1,021 million .Synchrony financial says common equity Tier 1 capital ratio at June 30 2016 was 18.5 percent versus 18.1 percent at March 31 2016.  Full Article

Synchrony Financial and Cathay Pacific Airways to introduce credit card program
Wednesday, 20 Jul 2016 

Synchrony Financial : Announced agreement with Cathay Pacific Airways to introduce a new co-branded visa credit program for u.s. Travelers .Says program planned for launch in q1 2017.  Full Article

Synchrony Financial announces share repurchase program of up to $952 mln - SEC Filing
Friday, 8 Jul 2016 

Synchrony Financial :Synchrony Financial says share repurchase program of up to $952 million for the four quarters ending June 30, 2017 - SEC Filing.  Full Article

Synchrony Financial expects higher reserve builds starting in Q2
Tuesday, 14 Jun 2016 

Synchrony Financial : Now expecting a 20-30 basis point increase in net charge-off rates as we look out over next 12 months .Starting in Q2 2016, expect higher reserve builds, with allowance coverage ratio likely to increase 20-30 basis points from Q1 2016.  Full Article

UPDATE 2-GE says it may face U.S. action over subprime mortgage operations

NEW YORK, Feb 23 General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday.