Nomura Securities Upgrades Synchrony Financial (SYF) to Buy
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Synchrony Financial to File Registration Statement in Connection With GE Exchange Offer
October 19, 2015 6:31 AM EDTExchange offer is next major step for Synchrony Financial to be a fully independent company
STAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced that it intends to file a Registration Statement on Form S-4 with the Securities and Exchange Commission in connection with the proposed exchange offer announced by General Electric Company (NYSE:... More
GE Commences Exchange Offer to Complete Separation of Synchrony Financial
October 19, 2015 6:30 AM EDTFAIRFIELD, Conn.--(BUSINESS WIRE)-- GE (NYSE: GE) today commenced an offer to exchange GE common stock for common stock of Synchrony Financial (NYSE: SYF) presently owned by GE. This exchange offer is in connection with the previously announced separation of Synchrony, the largest provider of private label credit cards in the United States*, from GE. The exchange offer is expected to conclude the week of November 16, 2015.
Last week, Synchrony Financial received approval from the Federal Reserve to become a stand-alone savings and loan holding company... More
Synchrony Financial Reports Third Quarter Net Earnings of $574 Million or $0.69 Per Diluted Share
October 16, 2015 9:00 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced third quarter 2015 net earnings of $574 million, or $0.69 per diluted share. Highlights for the quarter included:
Total platform revenue increased 9% from the third quarter of 2014 to $2.7 billion Loan receivables grew $7 billion, or 12%, from the third quarter of 2014 to $64 billion Purchase volume increased 12% from the third quarter of 2014 Renewed PayPal, a top 10 partnership, and Sleepys Signed new partners - Citgo and The Container Store... More