Fortune magazine and Great Place to Work recognize financial leader for creating a workplace where trust, flexibility and innovation thrive for Tri-State employees STAMFORD, Conn., June 11, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer financing company at the heart of American commerce and opportunity, has been named No. 1 on the 2025 Fortune Best Workplaces in New York™ List by Great Place To Work®. Synchrony's award-winning workplace is driven by a simple yet powerful formula: trust, fle ...

Key Takeaways Synchrony and OnePay will launch Mastercard-powered credit cards for Walmart shoppers. One card will be general-purpose; the other exclusive to Walmart purchases via OnePay's app. The move aims to boost SYF's sales and risk-adjusted returns through flexible financing options.Synchrony Financial (SYF) , along with the consumer fintech OnePay, recently joined forces with Walmart (WMT) to introduce an innovative credit card program. The new offering is likely to launch this fall. Built on the t ...

Synchrony Financial (NYSE:SYF) Morgan Stanley US Financials, Payments & CRE Conference 2025 June 10, 2025 8:15 AM ET Company Participants Brian J. Wenzel - Executive VP & CFO Conference Call Participants Jeffrey David Adelson - Morgan Stanley, Research Division Jeffrey David Adelson All right, everybody. Before we get started, I'm going to read some quick disclosures. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. The taking of ...

Summary of Synchrony Financial (SYF) 2025 Conference Call Company Overview - **Company**: Synchrony Financial (SYF) - **Date of Conference**: June 10, 2025 - **Key Speaker**: Brian Wenzel, Chief Financial Officer Industry Context - The call addressed the evolving credit environment post-pandemic, regulatory changes, and rising consumer delinquencies across the industry [3][4] - Synchrony is focusing on enhancing its digital capabilities and maintaining competitive advantages in a challenging market [5][6] Core Points and Arguments 1. **Business Positioning and Strategy**: - Synchrony has invested heavily in digital capabilities and advanced underwriting platforms to meet customer needs [5][6] - The company aims to extend partnerships and maintain pricing discipline while capturing market share [6][7][8] 2. **Walmart Partnership**: - Synchrony announced a new partnership with Walmart, emphasizing a fresh start with a de novo book, which is expected to have a different loss profile and richer value proposition compared to previous offerings [9][11][15] - The partnership aims to leverage Walmart's scale to potentially become a top five or top ten program in terms of receivables [19][20] 3. **Consumer Spending Trends**: - There has been a moderation in discretionary spending, but Synchrony has not observed significant changes in consumer behavior despite concerns over tariffs [21][22][27] - Positive signs of stabilization in average transaction values were noted, particularly in soft goods [23][24] 4. **Credit Performance**: - Synchrony has seen higher delinquencies but has performed better than peers, with a long-term guidance range for losses set at 5.5% to 6% [29][30] - The company attributes its performance to advanced underwriting practices and a disciplined credit strategy [30][32][34] 5. **Reserve Ratios and Economic Outlook**: - The company is optimistic about improving credit performance, which may lead to a downward trend in reserve ratios if the macroeconomic environment stabilizes [44][50] - Synchrony is prepared to adjust its credit profile based on performance and economic conditions [51][56] 6. **Capital Return Strategy**: - Synchrony increased its dividend by 20% and announced a $2.5 billion share buyback, reflecting strong capital levels and a commitment to returning value to shareholders [74][75][78] - The company prioritizes organic growth and maintaining dividends while remaining open to potential acquisitions [76][78] Additional Important Insights - The competitive landscape is evolving, with some larger banks exiting certain markets and smaller fintech lenders entering [69][71][73] - Synchrony is focused on maintaining a balanced approach to competition, emphasizing the importance of partnerships and product offerings [72][73] - The company is methodically engaging with partners regarding pricing changes and promotional financing strategies to stimulate growth [61][66][67] This summary encapsulates the key points discussed during the Synchrony Financial conference call, highlighting the company's strategic direction, market positioning, and outlook for the future.

Lifetime of Care Costs Continue to Rise From 2022 Findings — Up More Than 10% For Dogs and Nearly 20% For Cats2025 Study Adds Data on Small Companion Animals, Also Called "Pocket Pets"STAMFORD, Conn., June 2, 2025 /PRNewswire/ -- Synchrony's (NYSE: SYF) new 2025 Pet Lifetime of Care Study reveals nearly 8 out of 10 pet owners underestimate the cost to care for their pet over a lifetime. The report highlights a growing trend of pet owners viewing their animals as part of the family and committing to high-qua ...

A leading player in the consumer financing space, Synchrony Financial (SYF) recently teamed up with Jewelers Mutual Group with a new sponsorship agreement. This partnership aims to integrate financial services with insurance offerings, allowing them to combine their market efforts and connect with a broader audience in a more streamlined and effective manner.Through this strategic partnership, SYF’s consumer financing solutions will be promoted through Jewelers Mutual’s marketing channels and featured promi ...

Synchrony will also feature offers directly from Jewelers Mutual to merchants and consumers through select marketing materials as well as on Synchrony Marketplace, a shopping destination for consumers to find special offers from Synchrony partners. As a result, Synchrony will help elevate awareness of Jewelers Mutual and its insurance services, which are used by over one million customers throughout the United States and Canada. "As a leader in consumer financing, we're excited about the added value our col ...

Synchrony Financial (SYF) shares have gained 8.7% in the past month due to positive investor sentiment about its profitability and shareholder value boosting efforts. The stockalso outperformed the industry and the S&P 500 Index. During this time, peers like American Express Company (AXP) and Capital One Financial Corporation (COF) witnessed growth, but to a lesser extent.1-Month Price Performance: SYF, AXP, COF, Industry & S&P 500 Image Source: Zacks Investment ResearchSynchrony — with a market cap of $21. ...

A month has gone by since the last earnings report for Synchrony (SYF) . Shares have added about 14.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Synchrony due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, es ...

Synchrony Financial (SYF) recently renewed and extended its long-standing partnership with Discount Tire, a major tire and wheel retailer in the United States. This deal ensures that customers at Discount Tire and its related brands can continue using Synchrony’s Car Care network to finance tire and auto-related purchases at over 1,200 retail stores and more than a million additional locations within the Car Care network nationwide.This extension is significant because it reinforces Synchrony’s position in ...