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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SYF
News
- Synchrony Financial (NYSE: SYF) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating. They now have a $82.00 price target on the stock, up previously from $40.00.MarketBeat
- Here's Why Synchrony (SYF) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Synchrony Extends Consumer Credit Card Issuing Agreement with Chevron, Celebrates 17 Years of Innovative Financial Solutions for ConsumersPR Newswire
- 5 CDs to consider before another Fed rate cut [Yahoo! Finance]Yahoo! Finance
- How Three Women Built Businesses By Making AI Matter [Forbes]Forbes
SYF
Earnings
- 10/16/24 - Beat
SYF
Sec Filings
- 12/10/24 - Form 8-K
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- SYF's page on the SEC website