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Centaurus Financial Inc. increased its stake in Synchrony Financial by 3.4%, owning 10,420 shares valued at $677,000. Institutional investors hold 96.48% of the stock, with recent analyst ratings showing a "Moderate Buy" consensus and a target price of $68.70. Synchrony Financial's stock is currently trading at $52.98, with a market cap of $20.59 billion.
Verizon has teamed up with Santander Bank to introduce digital high-yield savings accounts for its mobile and 5G Home customers, branded as Verizon + Openbank Savings, launching in April. These accounts promise interest rates ten times the national average and offer Verizon wireless bill credits of up to $180 annually. Customer onboarding will be facilitated through Openbank’s digital platform via the Verizon app, with deposits held by Santander Bank, expanding Verizon's financial services portfolio.
Synchrony CFO Brian J. Wenzel will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2025, at 9:40 a.m. ET. A live webcast and replay will be available on the Synchrony Investor Relations website.Synchrony is a leading consumer financial services company, offering a comprehensive suite of digitally-enabled products across various industries, including retail, health, and telecommunications. The company connects partners and consumers through a dynamic financial ecosystem, providing tailored financing solutions and seamless omnichannel experiences.
Synchrony Chief Financial Officer Brian J. Wenzel will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2025, at 9:40 a.m. ET. A live webcast and replay will be available on the Synchrony Investor Relations website. Synchrony is a leading consumer financial services company offering a comprehensive suite of digitally-enabled products across various industries, connecting partners and consumers through innovative financing solutions.
Synchrony Chief Financial Officer Brian J. Wenzel will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2025, at 9:40 a.m. ET. A live webcast and replay will be available on the Synchrony Investor Relations website. Synchrony is a leading consumer financial services company offering a comprehensive suite of digitally-enabled products across various industries, connecting partners and consumers through innovative financing solutions.
Synchrony (NYSE: SYF) Chief Financial Officer Brian J. Wenzel will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2025, at 9:40 a.m. ET. A live webcast and replay will be available on the Synchrony Investor Relations website. As a leading consumer financial services company, Synchrony offers a comprehensive suite of digitally-enabled products across various industries, connecting partners and consumers through innovative financing solutions and seamless experiences. For more information, visit www.synchrony.com.
Apple faces significant challenges in China, with iPhone sales plummeting 25% year-over-year while Huawei experiences a 37% growth. The competitive landscape is intensifying as local brands leverage aggressive pricing and innovations, compounded by potential government subsidies in 2025. Additionally, Apple is in search of a new credit card partner, as Goldman Sachs retreats from consumer banking, raising concerns about customer spending habits amid a backdrop of declining shipments and lukewarm responses to new products.
Synchrony Financial's stock was sold at an average price of $55.13, totaling $1,209,221.42, resulting in an 18.03% decrease in insider holdings. Large investors have increased their stakes, with hedge funds owning 96.48% of the company. Analysts maintain a "Moderate Buy" rating, with price targets ranging from $58.00 to $72.00, while the stock recently traded at $63.89.
The Fed's interest rate cuts haven't led to lower credit card APRs, as issuers adjust rates in response to new CFPB rules limiting late fees. This shift may increase rates for new borrowers, while existing balances remain unaffected unless delinquent. With credit card debt reaching a record $1.17 trillion, experts advise consumers to avoid high-rate store cards and pay balances in full to maintain financial health.
Synchrony Financial reported a strong quarterly performance with earnings per share of $1.94, exceeding estimates, and a revenue of $3.81 billion, up 9.8% year-over-year. The company announced a quarterly dividend of $0.25, yielding 1.48%, while insiders recently sold shares, indicating a decrease in their ownership. Analysts maintain a "Moderate Buy" rating, but other stocks are currently favored for investment.
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