Synchrony Financial (SYF) recently announced its partnership with Albertsons Companies, Inc. in a bid to expand its CareCredit network. This partnership will allow CareCredit cardholders to use their cards for select health and wellness products at nearly 2,200 Albertsons Companies stores, including popular grocery chains like Safeway, Vons, and Jewel-Osco. With this new collaboration, SYF is aiming to expand the use of its CareCredit card in grocery stores, as health and wellness are not just constrained t ...

CareCredit health and wellness credit card to be accepted at Albertsons Cos. stores for health and wellness products STAMFORD, Conn., Sept. 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, and Albertsons Companies, Inc., a leading food and drug retailer, today announced the acceptance of the CareCredit health and wellness credit card in nearly 2,200 Albertsons Cos. stores including Albertsons, Safeway, Vons, ACME, Shaw's and Jewel-Osco. CareCredit cardholders ar ...

公司历史表现 - 2016年被视为经济不确定时期的避险选择且有支付可观股息的可能[3] - 从2016年至今公司规模增长超一倍[3] 公司财务状况 - 过去八年增长显著市场低估情况减少贷款/存款比率稳固资产足以覆盖负债[3] - 目前市净率为1.20与行业中位数基本一致[3] - 总贷款从622亿美元增长到913亿美元总存款从450亿美元增长到831亿美元负债从684亿美元增长到1049亿美元资产从816亿美元增长到1205亿美元股东权益从132亿美元增长到155亿美元资产/权益从6.18增长到7.77贷款/存款从138%降到110%[4] 公司运营情况 - 公司业务依赖于零售合作伙伴的留存与新伙伴的吸引[5] - 客户业务状况影响公司如J.C. Penney信用卡业务取决于J.C. Penney的人气[5] - 消费者金融竞争激烈需提供有吸引力的服务[5] - 业务集中于美国消费信贷与美国信贷市场紧密相连[5] - 近期高利率对公司有利但利率即将下降可能影响利润[5] - 需管理信用风险因公司信用卡较易获取部分客户信用评级不佳[5] - 近年来营收增长盈利近年有所下降但预计将转为正[5] - 预计今年每股收益5.84市盈率7.94明年每股收益5.89预期市盈率7.88均优于行业中位数[5] - 2021 - 2024年上半年运营自由现金流分别为71亿美元67亿美元86亿美元47亿美元投资自由现金流分别为 - 48亿美元 - 102亿美元 - 142亿美元 - 17亿美元融资自由现金流分别为 - 52亿美元53亿美元96亿美元12亿美元[5] - 2021 - 2024年上半年总利息收入分别为150亿美元170亿美元210亿美元110亿美元净利息收入分别为90亿美元80亿美元74亿美元37亿美元净收益分别为42亿美元30亿美元22亿美元19亿美元稀释每股收益分别为7.34 6.15 5.19 4.70[6] 公司股息与现金流 - 近年股息为每季度25美分股息率2.1%目前普通股股息支出约4亿美元有能力提高股息[5] 公司前景 - 目前价格仍有上涨空间[7] - 投资者应关注公司现金状况和与零售商的业务合同维护情况[7] - 利率下降可能影响消费信贷市场但公司仍具优势有望以更高股息回报股东[7]

Synchrony Financial (SYF) is well-poised to grow on the back of rising net interest income, expanding average loan receivables, and lower delinquencies. However, softer consumer spending might act as a partial offset. Synchrony Financial — with a market cap of $19.9 billion — is a premier consumer financial services company that offers a wide range of credit products. Courtesy of solid prospects, this Zacks Rank #3 (Hold) stock is worth retaining in your portfolio at the moment. SYF's Year-to-Date Price Per ...

文章核心观点 - 公司第二季度业绩超预期,主要得益于费用管控良好,抵消了收入增长的部分影响 [3] - 公司贷款组合持续增长,但受到消费者支出趋于谨慎的影响 [5] - 公司各业务板块表现参差,其中Home & Auto和Health & Wellness表现较好,Digital和Diversified & Value表现较弱 [12][13][14][15] - 公司财务状况良好,流动性充足,资产负债表稳健 [17][18] - 公司预计下半年购买量将下降,但利息收入和其他收入将呈现渐进式增长 [22][23] 文章核心内容总结 公司业绩表现 - 公司第二季度调整后每股收益为1.55美元,超出市场预期1.35美元 [3] - 净利息收入同比增长6.9%至44亿美元,但略低于市场预期 [4] - 贷款组合规模同比增长7.9%至1023亿美元,但低于市场预期 [6] - 存款总额同比增长9.7%至831亿美元,超出预期 [7] - 信贷损失准备金同比增长22.3%至17亿美元,高于预期 [7] - 购买量同比下降0.9%至468亿美元,低于预期 [8] - 净利差同比下降48个基点至14.46%,但高于预期 [9] - 新增账户同比下降14%至510万个,活跃账户同比增长2%至7100万个 [10] - 总费用同比增长0.7%至12亿美元,低于预期 [11] 各业务板块表现 - Home & Auto贷款规模同比增长6.1%至328亿美元,但购买量同比下降2.8%至125亿美元 [12] - Digital贷款规模同比增长7.6%至277亿美元,购买量同比下降0.5%至134亿美元 [13] - Diversified & Value贷款规模同比增长6.5%至195亿美元,购买量同比下降0.1%至153亿美元 [14] - Health & Wellness贷款规模同比增长14.7%至153亿美元,购买量同比增长1.8%至41亿美元 [15] - Lifestyle贷款规模同比增长8.6%至68亿美元,购买量同比下降3.5%至15亿美元 [16] 财务状况 - 公司现金及等价物为186亿美元,较2023年末增加42亿美元 [17] - 总资产增至1205亿美元,总负债下降至156亿美元,总权益增至155亿美元 [17] - 总流动性达230亿美元,占总资产的19.1% [18] - 资产收益率同比提升10个基点至2.2%,权益收益率同比下降30个基点至16.7% [19] 资本运营 - 公司在第二季度通过股票回购返还资本3亿美元,支付普通股股息1亿美元 [20] - 公司剩余股票回购额度为10亿美元 [20] 未来展望 - 公司预计2024年每股收益在7.60-7.80美元之间,其中包括宠物保险业务出售收益1.96美元 [21] - 下半年公司预计购买量将持平或小幅下降,贷款组合增长将继续放缓 [22] - 公司预计下半年净息差和其他收入将呈现渐进式增长 [22] - 公司预计下半年净坏账率将低于上半年的6.37% [23] - 公司预计下半年总费用将维持与上半年平均水平相当的绝对水平 [23]

Strong Business Results, Top Global Employer Recognition, and Leading Portfolio of Partner Brands Reflect Synchrony's Central Role in Driving Economic Growth a Decade After IPO Celebrates with Additional $1 Million in Grants to Nonprofits Globally through Employee-Directed Program STAMFORD, Conn., July 31, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading financing partner for many of America's most iconic brands, is celebrating 10 years as a publicly traded company. From health to home, retail to whole ...

STAMFORD, Conn., July 23, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock, payable on August 15, 2024 to holders of record at the close of business on August 5, 2024. Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industri ...

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements and requires enhanced disclosures about significant segment expenses. The Company will adopt this guidance on a retrospective basis on its effective date, which for us is beginning within our December 31, 2024 Form 10-K. Included in the acquisition was $64 million of loans that have experienced more-than-insignificant deter ...

All-Time High Reflects Growing Optimism "Synchrony Financial: Finally Getting Credit". VAL 51.85 Synchrony Financial (SYF) Price 51.85 48.00 36.00 24.00 12.00 2020 2021 2022 2023 2024 Seeking AlphaQ Jul 17, 2024, 1:03 PM EDT Powesed by YC HARTS Data by YCharts The Risks Synchrony Financial | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------|---------|-------|-------|-------|-------|-------|-------|----------|-------|-------|-------|--------- ...

Coast also announced a strategic investment from Synchrony, a leading consumer financial services company delivering one of the industry's most complete digitally-enabled product suites across diverse sectors. The investment in Coast aligns with Synchrony's presence in the aftermarket auto segment where it partners with many top national tire, petrol, auto parts and maintenance retailers like Discount Tire and Pep Boys. For the nearly one million American businesses that collectively operate around 40 milli ...