Synchrony Financial's Earnings To Suffer From COVID-19, Walmart Sale [Seeking Alpha]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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US:NYSE Investor Relations:
investors.synchronyfinancial.com/events-and-presentations
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Source: Seeking Alpha
Summary Provisions charge for loan losses is expected to rise on the back of the COVID-19 pandemic. Net interest margin is expected to decline following the sale of Walmart's portfolio. Earnings are expected to plummet this year mostly due to the provisions charge and net interest margin. High level of riskiness in the near-term justifies a neutral rating. Earnings of Synchrony Financial ( SYF Some relief for the bottom-line is expected to come from new partnerships with Verizon and Venmo. The December 2020 target price suggests significant upside from SYF’s current market price, which makes the stock a good investment for a holding period that is greater than nine months. However, there are considerable threats in the near-term that have elevated the riskiness of the stock. Due to these risks, SYF’s market price will likely remain depressed in the near-term. As a result, I’m adopting a neutral rating on SYF. Rise in Unemployment Bodes Ill for Provisions Charge According to news repor
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News
- CD Rates Today: November 20, 2024—Earn Up To 5.37% [Forbes]Forbes
- Synchrony Financial (NYSE: SYF) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $64.00 to $72.50. They now have a "buy" rating on the stock.MarketBeat
- Everything you need to know about the PayPal savings account [Yahoo! Finance]Yahoo! Finance
- Synchrony (SYF) Up 14.4% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Here's Why Synchrony (SYF) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
SYF
Earnings
- 10/16/24 - Beat
SYF
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- SYF's page on the SEC website