Synchrony Financial (SYF) has lately been in the spotlight for a range of reasons. The company recently approved a US$2.5 billion share buyback program and announced its dividend increase to $0.30. Multiple investment firms, including Point72 Hong Kong Ltd and Quantinno Capital Management LP, have increased their shares in SYF, highlighting the company's attractiveness to investors. It's noted among Billionaire Cliff Asness’ stock picks with considerable upside potential.
The company's credit card delinquency rate has decreased slightly, despite a small increase in net charge-offs. SYF also announced its quarterly earnings, showing resilience amidst a difficult market environment. A highlight includes the Wall Street analysts' target price for SYF, which remains optimistic despite recent challenges.
However, SYF's stock has notably dropped 14% in one week amid U.S.-China trade tensions, while the company sees a potential consumer debt collapse. Despite these challenges, analysts see a potential 59.55% upside for the SYF stock.
Synchrony Financial SYF News Analytics from Tue, 17 Sep 2024 07:00:00 GMT to Sat, 17 May 2025 12:00:18 GMT - Rating 0 - Innovation 0 - Information 10 - Rumor -4
