Last $25.38 USD
Change Today +0.21 / 0.83%
Volume 1.5M
SYF On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

synchrony financial (SYF) Snapshot

Open
$25.25
Previous Close
$25.17
Day High
$25.45
Day Low
$25.15
52 Week High
09/5/14 - $26.02
52 Week Low
07/31/14 - $22.60
Market Cap
21.2B
Average Volume 10 Days
1.5M
EPS TTM
--
Shares Outstanding
833.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNCHRONY FINANCIAL (SYF)

synchrony financial (SYF) Related Businessweek News

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synchrony financial (SYF) Details

Synchrony Financial operates as a premier consumer financial services company in the United States. The company provides private label credit cards, dual cards, and small and medium-sized business credit products; promotional financing for consumer purchases, including installment loans; and promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision, and audiology. The company provides its range of credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers. It also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. The company markets its deposit products through a range of channels comprising 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.

9,333 Employees
Last Reported Date: 08/8/14
Founded in 2003

synchrony financial (SYF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $2.0M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $857.5K
Chief Executive Officer of Retail Card and Ex...
Total Annual Compensation: $1.4M
Chief Executive Officer of Payment Solutions,...
Total Annual Compensation: $1.2M
Executive Vice President, General Counsel and...
Total Annual Compensation: $937.5K
Compensation as of Fiscal Year 2013.

synchrony financial (SYF) Key Developments

Synchrony Financial Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge Offs for the Third Quarter Ended September 30, 2014

Synchrony Financial reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported return on average assets of 3.2% compared with 4.7% for the same period last year. Return on equity was 26.8% compared with 48.8% for the same period last year. Net interest income was $2,879 million against $2,703 million, a year ago. Earnings before provision for income taxes were $879 million against $1,021 million, a year ago. Net earnings attributable to common stockholders were $548 million or $0.70 basic and diluted per share against $641 million, or $0.91 basic and diluted per share a year ago. For the nine months, the company reported return on average assets of 3.4% compared with 3.7% for the same period last year. Return on equity was 29.7% compared with 39.7% for the same period last year. Net interest income was $8,342 million against $7,722 million, a year ago. Earnings before provision for income taxes were $2,533 million against $2,450 million, a year ago. Net earnings attributable to common stockholders were $1,578 million or $2.16 basic and diluted per share against $1,536 million or $2.18 basic and diluted per share, a year ago. Book value per share as of September 30, 2014 was $11.92 against $7.92 as of September 30, 2013. For the quarter, the company reported net charge-offs of $579 million against $533 million, for the same period a year ago.

Synchrony Seeks Acquisitions

Synchrony Financial (NYSE:SYF) is seeking acquisitions. Brian Doubles, Chief Financial Officer and Executive Vice President of Synchrony said, “We're going to continue to look at platform or portfolio acquisitions.”

Synchrony Financial Signs Multi-Year Agreement with Reeds Jewelers Inc to Provide Private Label Credit Card Programme

Synchrony Financial said it has signed a multi-year agreement with REEDS Jewelers Inc. to provide a private label credit card programme for consumer purchases through REEDS 59 retail stores in 13 states and at the retailer's website. The new REEDS Jewelers Card launches March 1, 2015, providing a dedicated line of credit and special financing options for the purchase of diamonds, bridal jewelry, Swiss timepieces, customized family jewelry, and much more. Qualifying REEDS Jewelers cardholders will also enjoy exclusive offers, special financing and invitations to REEDS Jewelers events.

 

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SYF Competitors

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Company Last Change
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Industry Analysis

SYF

Industry Average

Valuation SYF Industry Range
Price/Earnings 11.5x
Price/Sales 3.2x
Price/Book 2.1x
Price/Cash Flow 10.4x
TEV/Sales NM Not Meaningful
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