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Why You Should Hold Synchrony (SYF) Stock in Your Portfolio
SYFSynchrony(SYF) Zacks Investment Research·2024-01-04 01:01

Synchrony Financial (SYF) is well-poised to grow on the back of higher interest earned, thanks to a high interest rate environment, expanding average loan receivables, growing digital capabilities and elevated benchmark rates. Its balance sheet strength is a major positive. Over the past three months, the stock has jumped 30.4%, outperforming the industry average of 23.7%.Synchrony — with a market cap of $15.7 billion — is a premier consumer financial services company that offers a wide range of credit prod ...