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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
CEO
Alberto Casellas
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
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

Calendar

21 Jul 22
13 Aug 22
31 Dec 22
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

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
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

Financial report summary

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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

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