Synchrony Financial Reports Second Quarter Net Earnings of $853 Million or $1.24 Per Diluted Share
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Synchrony Financial (SYF) Tops Q2 EPS by 29c
July 19, 2019 6:03 AM EDTSynchrony Financial (NYSE: SYF) reported Q2 EPS of $1.24, $0.29 better than the analyst estimate of $0.95. Revenue for the quarter came in at $4.16 billion versus the consensus estimate of $4.19 billion.
Loan receivables grew 4% to $81.8 billion; excluding the Walmart portfolio from both periods, loan receivables grew 17% to $81.4 billionNet interest income increased 11% to $4.2 billionPurchase volume grew 12% to $38.3 billion; and average active accounts grew 9% to 75.5 millionDeposits grew $6.6 billion, or 11%, to $65.6 billionCompleted successful conversion of PayPal Credit accountsAdded new Payment Solutions partnerships with Samsung HVAC and Zero Motorcycles and renewed relationships with CCA... More