Synchrony Financial (SYF)

Synchrony is a premier consumer financial services company. The Company delivers a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables its partners to grow sales and loyalty with consumers. It's one of the largest issuers of private label credit cards in the United States; it also offers co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.

Company profile

Ticker

SYF, SYF+A

Exchange

NYSE

Website

www.synchronyfinancial.com

CEO

Alberto Casellas

Incorporated

New York

Location

Connecticut

Fiscal year end

Dec 31

Sector

Finance and Insurance > All Other Nondepository Credit Intermediation

Industry (SIC)

Finance Services

American Express • General Motors Financial • loanDepot • SoFi • Coinbase Global • Burford Capital Limited • Qudian • LexinFintech • Velocity Financial • Oportun Financial ...

SEC CIK

0001601712

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CareCredit LLC • Loop Commerce, Inc. • Pets Best Insurance Services, LLC • Retail Finance • Retail Finance International Holdings, Inc. • RFS Holding, Inc. • RFS Holding, L.L.C. • Sherman Clay & Co., LLC • Synchrony Financial Canada • Synchrony Financial Canada Company ...

SYF stock data

1M 1Y 5Y

News

From Benzinga Pro

Morgan Stanley Maintains Equal-Weight on Synchrony Finl, Raises Price Target to $32

19 Jul 22

Morgan Stanley analyst Betsy Graseck maintains Synchrony Finl (NYSE:SYF) with a Equal-Weight and raises the price target from $31 to $32.

Stephens & Co. Maintains Equal-Weight on Synchrony Finl, Raises Price Target to $35

19 Jul 22

Stephens & Co. analyst Vincent Caintic maintains Synchrony Finl (NYSE:SYF) with a Equal-Weight and raises the price target from $29 to $35.

Credit Suisse Maintains Outperform on Synchrony Finl, Raises Price Target to $47

19 Jul 22

Credit Suisse analyst Moshe Orenbuch maintains Synchrony Finl (NYSE:SYF) with a Outperform and raises the price target from $46 to $47.

Recap: Synchrony Finl Q2 Earnings

18 Jul 22

Synchrony Finl Q2 EPS $1.60 Beats $1.47 Estimate

18 Jul 22

Press releases

From Benzinga Pro

Synchrony Announces Quarterly Common Stock Dividend of $0.23 Per Share

21 Jul 22

Company also declares preferred stock dividend STAMFORD, Conn., July 21, 2022 /PRNewswire/ -- Synchrony Financial (NYSE:SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per

2022 Disability Equality Index Awards Synchrony Top Score for Sixth Consecutive Year

20 Jul 22

Synchrony named as a 'Best Place to Work for Disability Inclusion' STAMFORD, Conn., July 20, 2022 /PRNewswire/ -- Today, Synchrony (NYSE:SYF) announced that for the sixth consecutive year, the company has earned

Synchrony Convenes Employees for Three-Day Global Diversity Experience

19 Jul 22

The company's eighth annual event advances culture of equity, diversity, inclusion and well-being for all Hundreds of employees volunteer time and talent, give back to local communities STAMFORD, Conn., July 19,

Synchrony Reports Second Quarter 2022 Results

18 Jul 22

"PAY WITH SYNCHRONY" APP LAUNCHES AS FIRST COMBINED PRIVATE LABEL AND BNPL FINANCING SOLUTION AVAILABLE FOR SMALL BUSINESS VIA CLOVER®

14 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$39.57

Low target

$32.00

High target

$49.00

Calendar

21 Jul 22

13 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SYF financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	10.79B	10.79B	10.79B	10.79B	10.79B	10.79B
Cash burn (monthly)	44.67M	62.67M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	65.08M	91.31M	n/a	n/a	n/a	n/a
Cash remaining	10.72B	10.7B	n/a	n/a	n/a	n/a
Runway (months of cash)	240.1	170.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SYF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 22	Carol Juel	Common Stock	Payment of exercise	Dispose F	No	No	28.59	363	10.38K	86,550
1 Jul 22	Bart Schaller	Common Stock	Payment of exercise	Dispose F	No	No	28.59	703	20.1K	68,208
30 Jun 22	Coviello Arthur W JR	Common Stock	Grant	Acquire A	No	No	27.62	1,494	41.26K	36,082
30 Jun 22	Kamila K Chytil	Common Stock	Grant	Acquire A	No	No	27.62	1,494	41.26K	1,494
30 Jun 22	Guthrie Roy A	Common Stock	Grant	Acquire A	No	No	27.62	1,494	41.26K	45,194

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SYF institutional ownership history Ownership history

99.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	685	750	-8.7%
Opened positions	65	121	-46.3%
Closed positions	130	86	+51.2%
Increased positions	245	267	-8.2%
Reduced positions	279	264	+5.7%

13F shares	Current	Prev Q	Change
Total value	16.61B	23.31B	-28.7%
Total shares	476.98M	504.57M	-5.5%
Total puts	3.03M	4.14M	-27.0%
Total calls	2.46M	3.07M	-19.8%
Total put/call ratio	1.2	1.4	-8.9%

Largest owners	Shares	Value	Change
Vanguard	63.08M	$2.2B	-3.7%
Capital World Investors	49.29M	$1.72B	-2.0%
BLK Blackrock	47.85M	$1.67B	+2.4%
FMR	30.76M	$1.07B	-8.0%
STT State Street	25.17M	$876.09M	-5.2%
Geode Capital Management	10.28M	$357.32M	-12.0%
BAC Bank Of America	9.99M	$347.73M	-33.6%
Arrowstreet Capital, Limited Partnership	9.89M	$344.18M	-15.9%
GIC Private	9.46M	$328.22M	0.0%
GS Goldman Sachs	8.12M	$282.79M	+6.3%

Largest transactions	Shares	Bought/sold	Change
First Trust Advisors	6.22M	+5.57M	+853.5%
Norges Bank	0	-5.25M	EXIT
BAC Bank Of America	9.99M	-5.05M	-33.6%
Nuveen Asset Management	1.32M	-4.13M	-75.7%
Amundi	1.62M	-3.26M	-66.8%
MS Morgan Stanley	6.2M	-3.06M	-33.1%
Ceredex Value Advisors	1.68M	-2.81M	-62.7%
FMR	30.76M	-2.66M	-8.0%
Citadel Advisors	3.46M	+2.63M	+319.2%
Southpoint Capital Advisors	2.5M	+2.5M	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Ally Financial • Goldman Sachs • Bread Financial • Mastercard • Visa • Block

Management Discussion

Below are highlights of our performance for the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021, as applicable, except as otherwise noted.
•Net earnings decreased to $804 million from $1.2 billion and to $1.7 billion from $2.3 billion. The decreases in the three and six months ended June 30, 2022 were primarily driven by increases in provision for credit losses due to reserve releases in the prior year, partially offset by higher net interest income.
•Loan receivables increased to $82.7 billion at June 30, 2022 compared to $78.4 billion at June 30, 2021, driven by strong purchase volume growth, partially offset by the sale of $3.8 billion of loan receivables in the second quarter of 2022. Excluding the impact of the sale of these portfolios, loan receivables increased 11.5% reflecting strong purchase volume growth of 12.1% and 14.1% for the three and six months ended June 30, 2022, respectively.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: AdventHealth, ago, Cosmetic, Electric, footprint, HVAC, inventory, Kevin, Kymco, Lucid, Marine, Mitsubishi, Rarebreed, Sit, Sleep, solution, Suveto, Suzuki, Sweetwater, Trane, Zone

Removed: adversary, approval, arbitration, attempting, bankruptcy, Belton, Code, collect, compel, correct, declaratory, denied, denying, discharge, discharged, entered, expire, failing, GE, injunction, injunctive, owing, reconsideration, relief, resulted, reversing, scheduled, show, Southern, staying, vacated, York

From filing 10-Q 2022 Q2

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