This Week In Credit Card News: High Interest Rates Hurting Consumers And Companies [Forbes]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Forbes
Companies across the U.S. are barreling toward a refinancing cliff that could cost them billions in the new era of high interest rates, setting up a "slowly unfolding crisis." New research published by Baringa, a global consultancy firm, found that companies that refinance between this year and 2030 will pay an additional $381 billion in interest costs due to elevated borrowing rates. This amounts to the largest single increase in debt-related costs and the highest cumulative interest payment total ever faced by U.S. companies. The largest expense is expected to occur in 2024, with more than $3 trillion in loans and bonds set to mature this year. Companies refinancing that debt will likely pay $76 billion more in interest this year than they did under lower interest rates, according to Baringa. [ ] High interest rates are causing major financial stress for both consumers and businesses U.S. Economy Grew at a Slower Pace than Initially Thought in 1 st Quarter The U.S. economy gr
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SYF
News
- Here's Why Synchrony (SYF) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Synchrony Selects Atlanticus for Preferred Second Look Financing ProgramPR Newswire
- Synchrony Financial (NYSE: SYF) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Philander Smith University, Synchrony Bank invest in education [Yahoo! Finance]Yahoo! Finance
- Synchrony (SYF), LG Electronics to Enhance ESS Financing Options [Yahoo! Finance]Yahoo! Finance
SYF
Earnings
- 4/24/24 - Beat
SYF
Sec Filings
- 6/13/24 - Form 8-K
- 6/10/24 - Form 8-K
- 6/3/24 - Form DEFA14A
- SYF's page on the SEC website