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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 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.
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.
Financial stocks surged following Donald Trump's victory in the 2024 U.S. presidential race, with JPMorgan Chase rising over 8%, Goldman Sachs up more than 9%, and Bank of America increasing by over 7%. Credit-card companies also saw significant gains, with Discover, Capital One, and Synchrony jumping 14% or more. The overall market reflected optimism, as the Dow, Nasdaq, and S&P 500 posted substantial morning gains, alongside a rise in cryptocurrency prices.
Synchrony Financial focuses on credit card issuance and marketing, having issued over 35 million credit cards in 2023. The company also processes more than 710 million payments and submits over 765 million credit card statements, alongside offering consumer loans and healthcare services. UBS has reiterated its neutral rating on the firm.
Synchrony Financial focuses on credit card issuance and marketing, having issued over 35 million credit cards in 2023. The company also processes more than 710 million payments and submits over 765 million credit card statements, alongside offering consumer credit and healthcare services. UBS has reiterated its neutral rating on the firm.
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