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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)

Synchrony And Lowe's Extend Strategic Partnership With Multi-Year Agreement
Monday, 13 Aug 2018 05:12pm EDT 

Aug 13 (Reuters) - Lowe's Companies Inc ::SYNCHRONY AND LOWE’S EXTEND STRATEGIC PARTNERSHIP WITH MULTI-YEAR AGREEMENT.LOWE'S COMPANIES INC - SYNCHRONY WILL CONTINUE TO MANAGE AND SERVICE CONSUMER AND COMMERCIAL CREDIT CARD PROGRAMS FOR LOWE'S CUSTOMERS.LOWE'S COMPANIES INC - SYNCHRONY WILL CONTINUE CREDIT CARD PROGRAMS AT RETAILERS' MORE THAN 1,740 U.S. STORES, AS WELL AS ON LOWES.COM.  Full Article

Synchrony Plans To Increase Qtrly Dividend
Thursday, 17 May 2018 04:15pm EDT 

May 17 (Reuters) - Synchrony Financial ::SYNCHRONY ANNOUNCES PLANS TO INCREASE QUARTERLY COMMON STOCK DIVIDEND TO $0.21 PER SHARE AND APPROVAL OF A $2.2 BILLION SHARE REPURCHASE PROGRAM.SETS QUARTERLY CASH DIVIDEND OF $0.21PER SHARE.BOARD APPROVED A SHARE REPURCHASE PROGRAM OF UP TO $2.2 BILLION THROUGH JUNE 30, 2019.  Full Article

Synchrony Financial Reports First Quarter Net Earnings Of $640 Million Or $0.83 Per Diluted Share
Friday, 20 Apr 2018 06:30am EDT 

April 20 (Reuters) - Synchrony Financial ::REPORTS FIRST QUARTER NET EARNINGS OF $640 MILLION OR $0.83 PER DILUTED SHARE.Q1 EARNINGS PER SHARE $0.83.Q1 EARNINGS PER SHARE VIEW $0.75 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME INCREASED 7% FROM Q1 OF 2017 TO $3.8 BILLION.  Full Article

Synchrony Invests In Payfone
Tuesday, 13 Feb 2018 09:00am EST 

Feb 13 (Reuters) - Synchrony Financial ::SYNCHRONY INVESTS IN PAYFONE.SYNCHRONY FINANCIAL - TERMS OF TRANSACTION WERE NOT DISCLOSED.SYNCHRONY FINANCIAL - INVESTMENT NOT EXPECTED TO HAVE A MATERIAL IMPACT ON CO'S FINANCIAL RESULTS.SYNCHRONY FINANCIAL - SYNCHRONY INVESTMENT IS PART OF PAYFONE'S LATEST FUNDING ROUND OF $23 MILLION.  Full Article

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

PRESS DIGEST- Financial Times - July 27

July 27 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.