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SYF $42.28

SYF target price
42.28
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52
Synchrony Financial
Type
Public company
Traded as NYSE: SYF
S&P 500 Component
Industry Financial services
Founded September 12, 2003; 14 years ago (2003-09-12)
Headquarters Stamford, Connecticut, United States
Key people
Margaret M. Keane
President and CEO
Products Credit cards
Payment systems
Revenue Increase US$13.530 billion (2016)
Net income
Increase US$2.251 billion (2016)
Total assets Increase US$90.207 billion (2016)
Total equity Increase US$14.196 billion (2016)
Number of employees
15,000 (2016)
Website synchronyfinancial.com

Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending, and FDIC insured savings products through Synchrony Bank, its wholly owned subsidiary.

Synchrony traces its roots to 1932.

Prior to its 2014 initial public offering, which raised $2.88 billion, Synchrony operated as a subsidiary of GE Capital.

In March 2017, Synchrony acquired GP Shopper.

Synchrony is the largest provider of private label credit cards in the U.S. In 2014, the company comprised 42 percent of the private label credit card market. The company provides private label credit cards for such brands as Amazon, Cathay Pacific, CheapOAir, OneTravel, Walmart, Lowe’s, Guitar Center, Gap, BP, Ashley HomeStores, Discount Tire, J.C. Penney and P. C. Richard & Son. The CareCredit credit card, also offered through Synchrony Bank, is for healthcare procedures or services such as dental, veterinary, cosmetic, vision and audiology.

In June 2014, Synchrony agreed to pay $225 million after entering into a consent decree with the U.S. Consumer Financial Protection Bureau. The CFPB alleged "deceptive and discriminatory practices" regarding Synchrony's consumer credit cards.

With regards to the practices that the CFPB called "deceptive," it was alleged that, while operating as GE Capital, Synchrony telemarketers had sold numerous credit card add-on services, such as debt cancellation agreements, to consumers without notifying the buyer in an upfront manner of the terms of the agreements. According to the CFPB, in many cases, consumers were unaware that they would be charged for these services.

With regards to the practices the CFPB called "discriminatory," it was found that Synchrony had discriminated against Latino Americans by excluding from two different promotional statement credit deals customers who had elected to receive communications in Spanish and customers with mailing addresses in Puerto Rico. The promotional deals were offered from 2009 until 2012 to customers with delinquent accounts and allowed them to settle their balance with Synchrony Financial by paying some amount which was less than the outstanding balance, under certain conditions. It is not known why Synchrony chose not to offer this promotion to its Hispanic customers, but the CFPB found that this practice constituted "discriminat[ion]... on the basis of... race and national origin."

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-17 Future report Set alerts
Q2 2022 2022-07-18 1.60 1.60
Q1 2022 2022-04-18 1.77 1.77
Q4 2021 2022-01-28 1.48 1.48
Q3 2021 2021-10-19 2.00 2.00
Q2 2021 2021-07-20 2.12 2.12
Q1 2021 2021-04-27 1.73 1.73
Q4 2020 2021-01-29 1.24 1.24
Q3 2020 2020-10-20 0.63 0.63
Q2 2020 2020-07-21 0.06 0.06

Ratings

2016-07-11 Reiterated Rating Nomura Buy $34.00
2016-07-11 Reiterated Rating BTIG Research Positive
2016-07-10 Reiterated Rating Jefferies Group Buy $35.00
2016-07-10 Reiterated Rating BTIG Research Buy $42.00
2016-07-09 Reiterated Rating JPMorgan Chase & Co. Buy
2016-07-09 Reiterated Rating Nomura Holdings Inc. Buy
2016-07-09 Reiterated Rating Deutsche Bank AG Buy
2016-07-09 Reiterated Rating JMP Securities Buy
2016-07-05 Reiterated Rating BMO Capital Markets Buy $108.00
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-29 Reiterated Rating Jefferies Group Buy $35.00
2016-06-26 Reiterated Rating Deutsche Bank Buy
2016-06-26 Reiterated Rating Deutsche Bank AG Buy
2016-06-23 Reiterated Rating Sanford C. Bernstein Outperform $39.00
2016-06-17 Reiterated Rating DA Davidson Buy $37.00
2016-06-15 Reiterated Rating Citigroup Inc. Buy $38.00 to $31.00
2016-06-15 Reiterated Rating BMO Capital Markets Buy $37.00 to $36.00
2016-06-15 Lower Price Target Jefferies Group Buy $42.00 to $35.00
2016-06-15 Reiterated Rating Nomura Buy
2016-06-15 Reiterated Rating Deutsche Bank Buy
2016-06-15 Reiterated Rating Barclays Overweight $41.00
2016-06-15 Reiterated Rating Nomura Holdings Inc. Buy
2016-06-15 Reiterated Rating Barclays PLC Overweight $41.00
2016-06-14 Reiterated Rating BTIG Research Positive $42.00
2016-06-07 Reiterated Rating Deutsche Bank Buy
2016-05-29 Reiterated Rating Jefferies Group Buy
2016-05-18 Reiterated Rating Deutsche Bank Buy
2016-05-11 Initiated Coverage Macquarie Neutral $37.00
2016-05-04 Boost Price Target Deutsche Bank Buy $35.00 to $36.00
2016-04-25 Boost Price Target Deutsche Bank Buy $34.00 to $35.00
2016-04-25 Reiterated Rating DA Davidson Buy
2016-04-24 Reiterated Rating Jefferies Group Buy
2016-04-24 Reiterated Rating BMO Capital Markets Buy
2016-04-23 Reiterated Rating JPMorgan Chase & Co. Buy
2016-04-09 Reiterated Rating Deutsche Bank Buy
2016-04-08 Downgrade Bank of America Buy to Neutral $27.97 to $28.00
2016-04-08 Downgrade Bank of America Corp. Buy to Neutral $27.97 to $28.00
2016-04-05 Reiterated Rating Citigroup Inc. Buy
2016-02-18 Lower Price Target Deutsche Bank Hold $39.00 to $34.00
2016-02-11 Reiterated Rating Bank of America Buy
2016-02-11 Lower Price Target Nomura Buy $39.00 to $35.00
2016-01-22 Reiterated Rating BTIG Research Buy $42.00
2016-01-13 Initiated Coverage DA Davidson Buy $37.00
2016-01-13 Upgrade Goldman Sachs Buy to Conviction-Buy $37.00
2016-01-13 Upgrade Goldman Sachs Group Inc. Buy to Conviction-Buy $37.00
2016-01-09 Reiterated Rating Jefferies Group Buy
2016-01-08 Reiterated Rating Deutsche Bank Buy $39.00
2015-12-27 Reiterated Rating Morgan Stanley Buy
2015-12-21 Reiterated Rating Morgan Stanley Buy
2015-11-30 Upgrade BMO Capital Markets Market Perform to Outperform $36.00
2015-11-23 Upgrade Sterne Agee CRT Neutral to Buy $38.00
2015-11-20 Upgrade Bank of America Neutral to Buy $37.00
2015-11-18 Boost Price Target JPMorgan Chase & Co. Overweight $37.50 to $38.00
2015-11-12 Boost Price Target Nomura Buy $38.00 to $39.00
2015-11-11 Reiterated Rating Deutsche Bank Buy $39.00
2015-11-10 Reiterated Rating Jefferies Group Buy
2015-11-02 Initiated Coverage BMO Capital Markets Outperform
2015-10-20 Upgrade Nomura Neutral to Buy $35.00 to $38.00
2015-10-19 Reiterated Rating BMO Capital Markets Hold $36.00
2015-10-19 Boost Price Target Guggenheim Buy $40.00 to $42.00
2015-10-19 Reiterated Rating Sanford C. Bernstein Buy $38.00 to $41.00
2015-10-18 Reiterated Rating BTIG Research Buy $42.00
2015-10-08 Lower Price Target JPMorgan Chase & Co. $40.00 to $37.50
2015-10-08 Lower Price Target Credit Suisse Outperform $39.00 to $38.00
2015-10-08 Lower Price Target Credit Suisse Group AG Outperform $39.00 to $38.00
2015-10-07 Reiterated Rating BTIG Research Buy $42.00
2015-10-06 Reiterated Rating Deutsche Bank Buy
2015-09-16 Downgrade BMO Capital Markets Outperform to Market Perform
2015-09-16 Reiterated Rating BTIG Research Buy
2015-09-09 Initiated Coverage Sterne Agee CRT Neutral
2015-08-25 Initiated Coverage Buckingham Research Buy $40.00
2015-08-06 Reiterated Rating Deutsche Bank Buy $35.00 to $39.00
2015-07-21 Reiterated Rating Barclays Buy
2015-07-21 Reiterated Rating BTIG Research Buy $36.00 to $42.00
2015-07-20 Boost Price Target Susquehanna Positive $38.00 to $41.00
2015-07-20 Boost Price Target Keefe, Bruyette & Woods Hold $35.00 to $40.00
2015-07-20 Boost Price Target JMP Securities Market Outperform $36.00 to $39.00
2015-07-20 Boost Price Target Jefferies Group Buy $36.00 to $42.00
2015-07-20 Boost Price Target BMO Capital Markets Outperform $37.00 to $40.00
2015-07-20 Boost Price Target Sanford C. Bernstein Outperform $38.00 to $40.00
2015-07-20 Boost Price Target Barclays Overweight $38.00 to $41.00
2015-07-13 Reiterated Rating BTIG Research Buy $36.00
2015-07-09 Upgrade Barclays Equal Weight to Overweight $30.00 to $38.00
2015-06-29 Initiated Coverage Guggenheim Buy $37.00
2015-05-06 Boost Price Target Sanford C. Bernstein Outperform $31.94 to $38.00
2015-05-05 Initiated Coverage JMP Securities Outperform $36.00
2015-04-23 Upgrade Deutsche Bank Hold to Buy $32.00 to $35.00
2015-04-20 Upgrade BTIG Research Neutral to Buy $30.52 to $36.00
2015-04-10 Reiterated Rating BTIG Research Neutral
2015-03-25 Downgrade Bank of America Buy to Neutral $33.00
2015-03-11 Reiterated Rating Deutsche Bank Hold $27.00 to $32.00
2015-02-11 Initiated Coverage BMO Capital Markets Outperform
2015-01-28 Initiated Coverage Susquehanna Positive $38.00 to $31.32
2015-01-26 Boost Price Target Keefe, Bruyette & Woods Outperform $34.00 to $35.00
2015-01-26 Boost Price Target JPMorgan Chase & Co. Overweight $30.00 to $33.50
2015-01-26 Boost Price Target Barclays Equal Weight $27.00 to $30.00
2015-01-20 Reiterated Rating BTIG Research Hold
2015-01-16 Initiated Coverage Evercore ISI Buy $35.00
2015-01-07 Initiated Coverage Evercore ISI Buy $35.00
2014-12-22 Downgrade BTIG Research Buy to Neutral $30.00
2014-12-18 Initiated Coverage Jefferies Group Buy $34.00
2014-12-17 Boost Price Target Citigroup Inc. Buy $30.00 to $33.00
2014-12-09 Boost Price Target Keefe, Bruyette & Woods Market Perform $31.00 to $34.00
2014-11-20 Initiated Coverage Sanford C. Bernstein Outperform $35.00
2014-11-19 Initiated Coverage Sanford C. Bernstein Outperform $35.00
2014-10-20 Reiterated Rating Nomura Neutral $23.00 to $25.00
2014-09-09 Initiated Coverage Deutsche Bank Reduce to Hold $27.00 to $27.00
2014-09-09 Initiated Coverage BMO Capital Markets Market Perform
2014-09-09 Initiated Coverage Bank of America Buy $30.00
2014-09-09 Initiated Coverage Citigroup Inc. Buy $30.00
2014-09-09 Initiated Coverage Morgan Stanley Overweight $30.00
2014-09-09 Initiated Coverage Goldman Sachs Buy to Buy $30.00
2014-09-09 Initiated Coverage Credit Suisse Outperform $30.00
2014-09-09 Initiated Coverage JPMorgan Chase & Co. Overweight $30.00
2014-09-09 Initiated Coverage Keefe, Bruyette & Woods Outperform $31.00
2014-09-09 Initiated Coverage Barclays Equal Weight $27.00
2014-09-08 Initiated Coverage Nomura Neutral $23.00
2014-07-31 Initiated Coverage BTIG Research Buy $30.00
2016-07-11 Reiterated Rating Nomura Buy $34.00
2016-07-11 Reiterated Rating BTIG Research Positive
2016-07-10 Reiterated Rating Jefferies Group Buy $35.00
2016-07-10 Reiterated Rating BTIG Research Buy $42.00
2016-07-09 Reiterated Rating JPMorgan Chase & Co. Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KEANE MARGARET M See Remarks 0.06%  (523677) ALL / SYF /
DOUBLES BRIAN D See Remarks 0.03%  (214489) SYF /
QUINDLEN THOMAS M See Remarks 0.02%  (179010) SYF /
GREIG HENRY F See Remarks 0.02%  (158730) SYF /
MARINO GLENN P See Remarks 0.02%  (139300) SYF /
MOTHNER JONATHAN S See Remarks 0.01%  (121808) SYF /
FASOLI DAVID See Remarks 0.01%  (89246) SYF /
Mehta Neeraj See remarks 0.01%  (72504) SYF /
Graylin Will W 0.01%  (59490) SYF /
Whynott Paul See remarks 0.01%  (52609) SYF /
MELITO DAVID P See Remarks 0.01%  (44188) SYF /