Synchrony Financial

Synchrony is a consumer financial services company headquartered in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products through Synchrony Bank, its wholly owned online bank subsidiary.

Source: synchrony.com

Private-Label Card Trends May Signal Uneven Holiday Spending
Private-Label Card Trends May Signal Uneven Holiday Spending
October 29, 2024  |  Credit Cards

Private-label credit cards, or store cards, make up a small percentage of overall consumer credit. The Federal Reserve estimated earlier this year that “retail credit...

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Synchrony Sees Digital Mix Key to Navigating Uncertain Environment
Synchrony Sees Digital Mix Key to Navigating Uncertain Environment
July 17, 2024  |  Earnings

In today’s uncertain environment, consumers want one thing: choice. That’s because macroeconomic uncertainty over inflation and interest rates is rocking consumer behavior and affecting big-ticket...

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Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
April 26, 2024  |  Banking

The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and...

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Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
April 24, 2024  |  Earnings

Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some...

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Synchrony: Resilient Consumers Embrace ‘Pay Later’ Options as Credit Trends Normalize
Synchrony: Resilient Consumers Embrace ‘Pay Later’ Options as Credit Trends Normalize
January 23, 2024  |  Earnings

Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also...

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Report: Apple Aims to End Credit Card Partnership With Goldman Sachs
Report: Apple Aims to End Credit Card Partnership With Goldman Sachs
November 28, 2023  |  Apple

Apple has reportedly decided to end its credit card partnership with Goldman Sachs. The tech giant has proposed an exit from the contract within the...

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Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
October 02, 2023  |  Credit Cards

Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...

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Synchrony Core Purchase Volumes Grow 11% as Charge-Offs Also Increase 
Synchrony Core Purchase Volumes Grow 11% as Charge-Offs Also Increase 
January 23, 2023  |  Earnings

For Synchrony Financial, consumer spending volumes remain robust, receivables increased — and loans past due are on the rise. As the largest provider of private...

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Synchrony Sees Improving Credit Metrics, Digital Payments 65% of Total
Synchrony Sees Improving Credit Metrics, Digital Payments 65% of Total
October 19, 2021  |  Earnings

Synchrony Financial posted third-quarter results Tuesday (Oct. 19) that showed improving credit metrics, a ramp-up in consumer spending and increased traction in digital channels. In...

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