Synchrony Financial (SYF) Releases Earnings Results, Beats Expectations By $0.01 EPS

Synchrony Financial (SYF) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.69. Analysts expectations of $2565.24 million. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Synchrony Financial. Synchrony Financial was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016. Shares were Reiterated by Deutsche Bank on Feb 18, 2016 to “Hold” and Lowered the Price Target to $ 34 from a previous price target of $39 .

Synchrony Financial closed down -0.25 points or -0.82% at $30.42 with 66,27,588 shares getting traded on Wednesday. Post opening the session at $30.58, the shares hit an intraday low of $30.28 and an intraday high of $30.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 19, 2015, Daniel O Colao (director) purchased 2,107 shares at $0.00 per share price. According to the SEC, on Nov 19, 2015, Anne Kennelly Kratky (director) purchased 1,639 shares at $0.00 per share price.

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers local merchants manufacturers buying groups industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card Payment Solutions and CareCredit. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary Synchrony Bank (the Bank). Through the Bank it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC) including certificates of deposit individual retirement accounts (IRAs) money market accounts and savings accounts under its Optimizer+Plus brand.

Synchrony Financial

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