Bank Behind Gap, JC Penney Store Cards Looks Beyond Retail
- Synchrony weighing retail bank expansion, looking at fintech
- ‘Surprising we haven’t seen more retailers’ close, CEO says
Wallet with credit cards
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When Macy’s Inc. reported results that missed analysts’ estimates, Synchrony Financial investors felt the pain.
The largest issuer of private-label credit cards in the U.S. saw its shares drop to their lowest in about seven months on May 11, the day of Macy’s disappointing first-quarter earnings.