New Partnership Will Support Independent Vet Practices with Flexible Financing Options and Administrative Resources STAMFORD, Conn., July 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer finance company, has announced that its CareCredit health and wellness credit card will now be the preferred financing option for members of The Veterinary Cooperative (TVC), a positive cooperative community of veterinarians and suppliers who share a vision to provide the best animal care through independe ...

Net interest income improved 6.9% year over year to $4.4 billion in the second quarter. However, it missed the consensus mark by 0.8%. Q2 Results in Detail Total deposits were $83.1 billion, which rose 9.7% year over year and beat our model estimate by 2.4%. Provision for credit losses increased 22.3% year over year to $1.7 billion due to increased net charge-offs, higher than our estimate of $1.5 billion. Interest and fees on loans of $5.3 billion improved 10.2% year over year on the back of a growing aver ...

财务数据和关键指标变化 - 公司在第二季度实现净收益6.43亿美元,每股摊薄收益1.55美元,资产收益率2.2%,有形普通股权益收益率20.2% [10] - 贷款应收款余额增长7.9%至1020亿美元,净收入增长13%至37亿美元,净利息收入增长7%至44亿美元 [30] - 贷款应收款收益率上升14个基点,拨备计提增加至17亿美元,其他费用增长1%至12亿美元 [30][31][33] 各条业务线数据和关键指标变化 - 购买量增长范围为下降2%至上升3%,应收款增长6%至15%,双卡和联名卡占总购买量42%,增长2% [15][16] - 客户在家居、珠宝和视力等大件商品类别的消费有所下降,但在餐饮、药房和健康护理等非必需消费类别的支出有所增加 [18][19] - 除最高信用等级客户外,其他信用等级客户的平均交易金额下降约2% [19][20] 各个市场数据和关键指标变化 - 公司监测的外部存款数据显示,与去年中期快速下降相比,存款余额相对稳定 [21] - 公司认为这些消费、还款和存款趋势表明消费者正在积极管理现金流 [22] 公司战略和发展方向及行业竞争 - 公司在第二季度新增或续签15个以上合作伙伴,包括与Verizon的项目扩展和延长,以及新增Virgin Red [23][24] - 公司正在与二次融资解决方案合作伙伴进行扩展合作,提供更无缝的客户体验 [25][26] - 公司与Installation Made Easy合作,为Floor & Decor持卡人提供一站式家装项目融资服务 [27] 管理层对经营环境和未来前景的评论 - 公司认为消费者正在积极管理现金流和消费,这与公司采取的信贷行动相结合,应该导致第二半年购买量持平或小幅下降 [46] - 公司预计第二半年净息差和其他收入将逐步增长,不良贷款率将低于上半年,拨备覆盖率将与2023年末基本持平 [46][47] - 公司预计2024年全年每股摊薄收益在7.60美元至7.80美元之间,反映了公司为各利益相关方提供优化成果的承诺 [48] 其他重要信息 - 公司已完成首批定价和政策变更(PPPC),大部分将于2024年下半年生效,公司将继续跟踪其对客户、合作伙伴和投资组合的财务和运营影响 [44] - 公司资本充足,CET1资本充足率为12.6%,在第二季度回购了3亿美元股票,派发了1亿美元股息 [39][41][42] 问答环节重要的提问和回答 问题1 **Mihir Bhatia 提问** 消费者健康状况是否有所下降,是否需要进一步收紧信贷标准 [53][54] **Brian Doubles 回答** 总体来看,消费者仍处于较好状态,但不同收入群体表现有所差异。较低收入群体有所收缩,但公司认为这是积极的,因为消费者正在审慎管理现金流 [55][56][57] 问题2 **Terry Ma 提问** 公司实施定价和政策变更(PPPC)的财务影响是否在650-700百万美元区间,如果延迟费规则未实施会有何影响 [63][64] **Brian Wenzel 回答** 公司目前假设10月1日实施延迟费规则,如果规则未实施,公司将无法量化其影响。公司已将PPPC的影响纳入了更新的全年每股收益指引 [64][65] 问题3 **Mark DeVries 提问** 公司对2024年下半年净息差的预期是什么,各项因素的影响如何 [70][71] **Brian Wenzel 回答** 净息差将呈现上升趋势,主要受益于净坏账率下降、贷款组合结构改善以及PPPC带来的收益提升 [72][73]

Synchrony (SYF) reported $4.41 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 5.4%. EPS of $1.55 for the same period compares to $1.32 a year ago. The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $4.44 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +14.81%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Synchrony (SYF) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.37 per share when it actually produced earnings of $1.18, delivering a surprise of -13.87%. Over the last four quarters, t ...

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STAMFORD, Conn., July 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its second quarter 2024 results for the period ending June 30, 2024. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-results. About Synchrony Contact SOURCE Synchrony Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief ...

Synchrony Financial (SYF) is set to report its second-quarter 2024 results on Jul 17, before the opening bell. | --- | --- | --- | --- | --- | |----------|-------------------------------------------------|-------|-------|-------| | | gnitude Consensus Estimate Trend (60 Days) \nQ1 | Q2 | F1 | F2 | | Current | 1.34 | 1.72 | 5.70 | 6.20 | | 7 Davs A | 1.29 | 1.79 | 5.72 | 6.31 | | | 1.34 | 1.89 | 5.71 | 6.09 | | | 1.45 | 1.78 | 5.75 | 6.13 | | Trend of | | | | | | Estimate | | | | | | | | | | | Image Source: ...

In its upcoming report, Synchrony (SYF) is predicted by Wall Street analysts to post quarterly earnings of $1.34 per share, reflecting an increase of 1.5% compared to the same period last year. Revenues are forecasted to be $4.47 billion, representing a year-over-year increase of 6.9%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 8.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 17. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $4.48 billion, up 7.2% from the year-ago quarter. Synchrony (SYF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earning ...