Synchrony Partners With PSIvet, Expands CareCredit Offering [Yahoo! Finance]
Jackson Financial Inc. Class A (JXN)
Company Research
Source: Yahoo! Finance
Synchrony Financial SYF recently announced that it has partnered with PSIvet to provide the company's CareCredit health and wellness credit card to pet owners. The card will be offered through more than 5,500 independent veterinary practices PSIvet works with. Convenient financing options will enable pet owners to get the highest level of care for their pets. The move bodes well for Synchrony, as wider use of CareCredit should boost the top line in the future. This is evident from the partnership that SYF aims to expand its CareCredit offerings to new customers with attention paid to health systems. Health and Wellness accounted for 17.2% of the total interest and fees on loans of SYF in the second quarter of 2024. This partnership will also lead to higher contributions from this segment and a rise in the loan receivables portfolio, leading to higher interest income and fees on loans. The CareCredit card will allow pet owners to secure financing for all kinds of veterinary servic
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News
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JXN
Earnings
- 11/6/24 - Miss
JXN
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 13F-NT
- 11/6/24 - Form 10-Q
- JXN's page on the SEC website