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Synchrony Financial (SYF.N)

SYF.N on New York Stock Exchange

33.47USD
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Synchrony Financial Q2 Earnings Per Share $0.92
Friday, 27 Jul 2018 

July 27 (Reuters) - Synchrony Financial ::REPORTS SECOND QUARTER NET EARNINGS OF $696 MILLION OR $0.92 PER DILUTED SHARE.Q2 EARNINGS PER SHARE $0.92.Q2 EARNINGS PER SHARE VIEW $0.82 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME INCREASED 3% FROM Q2 OF 2017 TO $3.7 BILLION.  Full Article

Synchrony Financial Confirms Walmart Program Agreement Will Not Be Renewed
Thursday, 26 Jul 2018 

July 26 (Reuters) - Synchrony Financial ::SYNCHRONY FINANCIAL - IS CONFIRMING THAT THE WALMART PROGRAM AGREEMENT WILL NOT BE RENEWED AND IS SET TO EXPIRE ON JULY 31, 2019.SYNCHRONY FINANCIAL - EXPECTS THAT ITS STRATEGIC OPTIONS WOULD FULLY REPLACE THE DILUTED EARNINGS PER SHARE IMPACT OF PROGRAM NON-RENEWAL.SYNCHRONY FINANCIAL SAYS IMPLICATIONS OF STRATEGIC OPTIONS FOR WALMART PORTFOLIO INCLUDE $300 MILLION - $350 MILLION OF ONGOING COST SAVINGS IDENTIFIED.SYNCHRONY FINANCIAL- IMPLICATION FROM WALMART PORTFOLIO SALE INCLUDE EXPECTATION TO USE MAJORITY OF ABOUT $2.5 BILLION TO BUYBACK SHARES BY END OF 2019.SYNCHRONY FINANCIAL SAYS STRATEGIC OPTIONS FOR WALMART PORTFOLIO INCLUDES DECISION TO SELL PORTFOLIO AND ESTIMATED GAIN ON SALE DETERMINED BY Q1 2019.SYNCHRONY FINANCIAL - STRATEGIC OPTIONS FOR WALMART PORTFOLIO ALSO INCLUDES EXPECTATION TO CONVERT QUALIFYING ACCOUNTS TO GPCC BEGINNING Q1 2019.  Full Article

Synchrony Financial Q4 Earnings Per Share $0.49
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Synchrony Financial ::REPORTS FOURTH QUARTER NET EARNINGS OF $385 MILLION OR $0.49 PER DILUTED SHARE INCLUDING IMPACT FROM TAX CUTS AND JOBS ACT; $545 MILLION OR $0.70 EXCLUDING IMPACT.Q4 EARNINGS PER SHARE $0.49.Q4 EARNINGS PER SHARE VIEW $0.66 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME INCREASED 8% FROM Q4 OF 2016 TO $3.9 BILLION.- IN QUARTER, TAX ACT RESULTED IN $160 MILLION OF ADDITIONAL TAX EXPENSE PRIMARILY DUE TO TAX ACT'S REDUCTION IN CORPORATE TAX RATE.  Full Article

PayPal raises Q4 revenue, EPS forecast after deal with Synchrony Financial
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Paypal Holdings Inc :PayPal - sees Q4 revenue between $3.64 billion-$3.70 billion versus previous forecast $3.57 billion-$3.63 billion - Conf call.PayPal - sees Q4 EPS between 52 cents-59 cents versus previous forecast 37 cents-39 cents - Conf call.PayPal - sees 2018 revenue growth of about 16.5 percent versus previous forecast 20 percent - Conf call.PayPal - updates guidance to reflect impacts of deal with Synchrony Financial - Conf call.  Full Article

Synchrony Financial sees deal with PayPal EPS accretive in 2019
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Synchrony financial :Synchrony financial says transaction with paypal not expected to impact current capital plan announced may 17- sec filing‍​.Synchrony financial - sees deal with paypal eps accretive in 2019.Synchrony financial - expects paypal deal to be $0.03 dilutive to eps in ‍4q17 due to pre-funding and deal-related expenses​.Synchrony financial - expects paypal deal to be $0.05 dilutive to eps in ‍1h18 due to pre-funding and onboarding costs​.Synchrony financial - expects paypal deal to be $0.20 dilutive to eps in ‍2h18 primarily due to allowance build​.Synchrony financial - post closing of deal with paypal, sees eps impact of about $0.20 dilutive in second half 2018, assuming july 1, 2018 close.  Full Article

PayPal and Synchrony Financial announce expanded strategic credit relationship
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - PayPal Holdings Inc :PayPal and Synchrony Financial announce expanded strategic credit relationship.Synchrony Financial - co will buy $6.8 billion in receivables, including PayPal's U.S. Consumer credit receivables portfolio.Synchrony Financial - ‍at closing, PayPal and Synchrony Bank will extend existing co-brand consumer credit card program agreement​.Synchrony Financial -‍ at closing,Synchrony Bank to become exclusive issuer of PayPal Credit online consumer financing program, in U.S. For 10 years​.  Full Article

Synchrony Financial reports Q3 earnings per share of $0.70
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Synchrony Financial :Synchrony Financial reports third quarter net earnings of $555 million or $0.70 per diluted share.Q3 earnings per share $0.70.Q3 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Synchrony Financial - ‍net interest income increased $395 million, or 11%, to $3.9 billion, primarily driven by strong loan receivables growth​.Synchrony Financial - qtrly ‍net interest income increased 11% from q3 of 2016 to $3.9 billion​.  Full Article

PRESS DIGEST- Financial Times - July 27

July 27 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.