Synchrony Financial (SYF) has been the spotlight of several multinational finance entities over the recent past. In Q1 2024, SYF has revealed its intention to offer
financing options and announced quarterly results. The
first quarter results of the company were set to be announced on 24th April 2024. The company hit a new
12-month high at $45.87 and agreed to issue
PayPal's new credit card. However, the financial organization experienced a surprising 1.2% drop since its last earnings report. Furthermore, Swiss National Bank and Savant Capital LLC sold a sizeable shares of SYF. Nevertheless, companies such as First Trust Direct Indexing L.P., bought SYF shares, demonstrating investor confidence. In contrast, Keefe, Bruyette & Woods have upgraded SYF. SYF is also
planning to purchase Ally Financial's Point-of-Sale Business, and has revealed their
monthly credit performance data. Despite some financial challenges, SYF remains a strong value stock and attractive option for value investors as suggested due to robust receivables growth and agreed that it falls under the category of top-ranked value stocks. The final dividend was announced at US$0.25 while the quarterly common stock dividend equals $0.25 per share.
Synchrony Financial SYF News Analytics from Fri, 07 Jul 2023 07:00:00 GMT to Wed, 08 May 2024 09:43:09 GMT -
Rating -2
- Innovation 3
- Information 8
- Rumor -6