Let's see if Synchrony Financial (SYF) stock is a good choice for value-oriented investors right now from multiple angles.
Two large and important credit card issuers, American Express (NYSE: AXP) and Synchrony Financial (NYSE: SYF), are apparently in the running to land one of the biggest co-branding deals on the scene: the Amazon (NASDAQ: AMZN) Visa-branded consumer credit card. According to a Bloomberg report that cited "people with knowledge of the matter," the retailer is fielding offers to become the card's new issuer. The card's current issuer is JPMorgan Chase (NYSE: JPM), which according to the article's sources is willing to relinquish its position.
(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card as a fresh wave of competition for new card customers emerges.American Express Co. and Synchrony Financial are among those bidding on the portfolio, according to people with knowledge of the matter, who asked not to be identified discussing the negotiations. Representatives for the lenders declined to comment, while a spokesperson for Amazon didn’t have an immediate c