Synchrony Financial to Participate in the Morgan Stanley Financials Conference

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Go back to Synchrony Financial to Participate in the Morgan Stanley Financials Conference

Jefferies Cuts Price Target on Synchrony Financial (SYF) Following Updated NCO Guidance

June 15, 2016 6:44 AM EDT

Jefferies maintained a Buy rating on Synchrony Financial (NYSE: SYF), and cut the price target to $35.00 (from $42.00), following the company's announced revision of NCO guidance. SYF's NCO guidance increased from 4.3%-4.5% for FY16 to 4.5% to 4.8% over the next twelve months. Additionally, SYF anticipates its... More

Synchrony Financial (SYF) Updates on Loss Forecast; Sees Higher Net Charge-Off Rates Over Next Year

June 14, 2016 9:06 AM EDT

Synchrony Financial (NYSE: SYF) disclosed the following on Tuesday morning:

Item 7.01 - Regulation FD Disclosure.

This report is being filed to disclose recent developments related to credit quality and reserves. While the loss rate in our portfolio is at... More