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Synchrony Financial (SYF.N)

SYF.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PayPal raises Q4 revenue, EPS forecast after deal with Synchrony Financial
Thursday, 16 Nov 2017 10:03am EST 

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 08:59am EST 

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 08:00am EST 

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 06:30am EDT 

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 reports Q2 net earnings of $496 mln or EPS $0.61
Friday, 21 Jul 2017 06:30am EDT 

July 21 (Reuters) - Synchrony Financial :Synchrony Financial reports second quarter net earnings of $496 million or $0.61 per diluted share.Q2 earnings per share $0.61.Q2 earnings per share view $0.57 -- Thomson Reuters I/B/E/S.Synchrony financial qtrly net interest income increased 13% from Q2 of 2016 to $3.6 billion.Synchrony Financial - new capital plan increasing quarterly common stock dividend to $0.15 per share.Synchrony Financial qtrly provision for loan losses increased $305 million to $1,326 million driven by credit normalization and loan receivables growth.Synchrony Financial - new capital plan increasing share repurchases of up to $1.64 billion of synchrony financial common stock.Synchrony Financial quarter-end estimated common equity tier 1 ratio under basel iii subject to transition provisions was 17.4%.Synchrony Financial quarter-end estimated fully phased-in common equity tier 1 ratio under basel iii was 17.2%.Synchrony Financial qtrly net interest margin increased 26 basis points to 16.20%.Synchrony Financial qtrly net charge-offs as a percentage of total average loan receivables were 5.42 percent compared to 4.51 percent last year.  Full Article

Synchrony Financial announces plans to increase quarterly dividend to $0.15/shr
Thursday, 18 May 2017 04:30pm EDT 

May 18 (Reuters) - Synchrony Financial :Synchrony Financial announces plans to increase quarterly common stock dividend to $0.15 per share and approval of a $1.64 billion share repurchase program.Board of directors intends to increase quarterly cash dividend to $0.15 per share of common stock.Has approved a share repurchase program of up to $1.64 billion through June 30, 2018.Intends to increase quarterly cash dividend commencing Q3 of 2017.  Full Article

Synchrony Financial says signing of a multi-year contract with Zulily
Tuesday, 9 May 2017 05:30pm EDT 

May 9 (Reuters) - Synchrony Financial ::Synchrony Financial says signing of a multi-year contract with e-commerce retailer, Zulily.Says has also renewed consumer financing program for QVC.Says launch of Zulily credit card is expected in late 2017 or early 2018.  Full Article

Synchrony Financial Q1 EPS $0.61
Friday, 28 Apr 2017 06:30am EDT 

April 28 (Reuters) - Synchrony Financial :Synchrony financial reports first quarter net earnings of $499 million or $0.61 per diluted share.Q1 earnings per share $0.61.Synchrony financial - net interest income increased 12% from q1 of 2016 to $3.6 billion.Qtrly net interest income increased 12% from q1 of 2016 to $3.6 billion.Qtrly net interest margin increased 34 basis points to 16.18%..Qtrly net charge-offs as a percentage of total average loan receivables were 5.33% compared to 4.74% last year..Q1 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.  Full Article

Synchrony Financial to buy GPShopper
Monday, 20 Mar 2017 07:00am EDT 

Synchrony Financial : Synchrony Financial to broaden cutting edge mobile commerce solutions for retailers through its acquisition of GPShopper . Synchrony Financial - financial terms of transaction were not disclosed .Synchrony Financial - financial terms of transaction were not disclosed and it is not expected to have a material impact on financial results.  Full Article

CareCredit to acquire Citi health card portfolio
Tuesday, 21 Feb 2017 09:00am EST 

Synchrony Financial - : CareCredit to acquire Citi health card portfolio .CareCredit says terms of agreement were not disclosed.  Full Article

BRIEF-Synchrony Financial Files Preliminary Prospectus Supplement Related To A Potential Offering Of Senior Notes‍​

* FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL OFFERING OF SENIOR NOTES DUE 2027 - SEC FILING ‍​ Source text: (http://bit.ly/2zwSiE4) Further company coverage: