Synchrony Financial: Why I Prefer The Lower Yielding Series A Preferred Shares [Seeking Alpha]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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investors.synchronyfinancial.com/events-and-presentations
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Source: Seeking Alpha
Follow Summary Synchrony Financial's net interest income surged to a five-year high in Q3, driven by strong interest income growth outpacing interest expenses. Despite risks of rising loan delinquencies due to labor market volatility, SYF has an adequate allowance for credit losses, covering over 10.5% of gross loans. The Series A preferred shares are recommended over Series B due to a higher yield to call, despite Series B's higher dividend yield. Synchrony Financial's reliance on external debt is mitigated by high-interest earning loans, making the elevated loan to deposit ratio less concerning. ismagilov/iStock via Getty Images Introduction Synchrony Financial ( NYSE: SYF ) is a depositor bank that uses its capital to underwrite consumer loans. Over the past couple of years, I've written about the opportunities in Synchrony's high-yield debt and most This article was written by Jeremy LaKosh 5.04K Follower s Follow About My Writing: I am currently focused
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News
- Should Value Investors Buy Synchrony Financial (SYF) Stock? [Yahoo! Finance]Yahoo! Finance
- 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
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