Synchrony Financial (SYF) is Initiated by Macquarie to Neutral

Synchrony Financial (SYF) was Initiated by Macquarie to “Neutral”. Macquarie advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Synchrony Financial. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .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 .

On the company’s financial health, Synchrony Financial reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.69.Analysts expectations of $ 2565.24.During the same quarter in the previous year, the company posted $0.66 EPS.

Synchrony Financial opened for trading at $30.07 and hit $30.7 on the upside on Tuesday, eventually ending the session at $30.56, with a gain of 2.00% or 0.6 points. The heightened volatility saw the trading volume jump to 37,21,321 shares. Company has a market cap of $25,485 M.

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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