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Last $34.64 USD
Change Today +0.16 / 0.46%
Volume 260.9K
SYF On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:12 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

synchrony financial (SYF) Snapshot

Open
$34.58
Previous Close
$34.48
Day High
$34.77
Day Low
$34.20
52 Week High
07/21/15 - $36.40
52 Week Low
07/31/14 - $22.60
Market Cap
28.9B
Average Volume 10 Days
940.0K
EPS TTM
$2.65
Shares Outstanding
833.8M
EX-Date
--
P/E TM
13.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNCHRONY FINANCIAL (SYF)

synchrony financial (SYF) Related Businessweek News

No Related Businessweek News Found

synchrony financial (SYF) Details

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It also provides promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision, and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts under the Optimizer+Plus brand. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through multiple channels, including online, print, and radio advertising. Synchrony Financial was incorporated in 2003 and is headquartered in Stamford, Connecticut. Synchrony Financial operates as a subsidiary of GE Consumer Finance, Inc.

11,000 Employees
Last Reported Date: 02/23/15
Founded in 2003

synchrony financial (SYF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $3.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.4M
Executive Vice President and Chief Executive ...
Total Annual Compensation: $2.3M
Chief Commercial Officer, Executive Vice Pres...
Total Annual Compensation: $1.8M
Chief Risk Officer, Executive Vice President ...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

synchrony financial (SYF) Key Developments

Synchrony Financial Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2015

Synchrony Financial announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $2,907 million compared to $2,720 million a year ago. Earnings before provision for income taxes were $861 million compared to $764 million a year ago. Net earnings attributable to common stockholders were $541 million compared to $472 million a year ago. Basic and diluted EPS was $0.65 compared to $0.67 a year ago. Return on assets was 2.9% compared to 3.1% a year ago. Return on equity was 19.2% compared to 29.9% a year ago. Return on tangible common equity as 22.2% compared to 38.5% a year ago. Total interest income was $3,177 million compared to $2,926 million a year ago. Book value per share was $13.89 compared to $9.06 a year ago. Tangible book value per share was $12.06 compared to $7.06 a year ago. For the six months, the company reported net interest income of $5,782 million compared to $5,463 million a year ago. Earnings before provision for income taxes were $1,744 million compared to $1,654 million a year ago. Net earnings attributable to common stockholders were $1,093 million compared to $1,030 million a year ago. Basic and diluted EPS was $1.31 compared to $1.46 a year ago. Return on assets was 3.0% compared to 3.5% a year ago. Return on equity was 20.0% compared to 32.4% a year ago. Return on tangible common equity as 23.1% compared to 40.9% a year ago. Total interest income was $6,327 million compared to $5,859 million a year ago. Book value per share was $13.89 compared to $9.06 a year ago. Tangible book value per share was $12.06 compared to $7.06 year ago. For the quarter, the company's net charge-offs were $693 million compared to $673 million a year ago.

Synchrony Financial Teams Up with Mattress Firm over Credit Card Program

Synchrony Financial has signed a multi-year agreement with Mattress Firm, under which it will offer a private label credit card program for Mattress Firm customers and its family of brands, including Sleep Train and Mattress Pro. The credit card program will help eligible cardholders get access to special financing, online and mobile account management, savings and discount offers, as well as access to previews and events. The program is anticipated to be launched in April 2016. It will be available for online and in-store purchases at about 2,200 Mattress Firm, Sleep Train and Mattress Pro stores across the US.

Synchrony Financial Enters into Multiyear Agreement with Newegg Inc

Synchrony Financial entered into a multiyear agreement to offer private-label credit card and small-business financing programs for customers of Newegg.com and NeweggBusiness.com. The program is expected to launch in the third quarter. The Newegg Store Card will be issued by Synchrony Bank.

 

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SYF Competitors

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Company Last Change
Alliance Data Systems Corp $271.70 USD -1.15
Ally Financial Inc $22.94 USD -0.04
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SLM Corp $9.11 USD -0.02
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Industry Analysis

SYF

Industry Average

Valuation SYF Industry Range
Price/Earnings 13.0x
Price/Sales 4.4x
Price/Book 2.5x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
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