Intech Investment Management and
BI Asset Management Fondsmaeglerselskab A S have sold considerable shares of
Synchrony Financial, while
Coldstream Capital Management and
Norges Bank significantly increased their positions. Investors questioning the value of
Synchrony's stock may be reassured by its
strategic moves and its
people-centric culture.
Synchrony also reported its
Q1 2024 financial results along with announcing
quarterly stock dividends and approval of financial results for April 2024. The company made strategic acquisitions like
Ally Financial's Point-of-Sale Business and
completion of Ally Lending, marked by robust receivables growth. However, its Q1 earnings and revenues lagged. It downsized with a sale of its
Pets Best unit, amid rising charge-offs and delinquencies, impacting its 2024 EPS estimates.
Synchrony continues to engage in partnerships, including into pet care financing, and introducing retail financing options in the U.S. It also appears committed to upgrading online checkout experiences with its browser extension, emphasized customer-centered experiences in its services, and released monthly financial health updates.
Synchrony Financial SYF News Analytics from Tue, 18 Jul 2023 07:00:00 GMT to Sun, 26 May 2024 21:10:15 GMT -
Rating 0
- Innovation 0
- Information 6
- Rumor -3
