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Private-label credit card leader Synchrony Financial moved toward a buy point after the IBD 50 stock bested earnings estimates Friday.
Synchrony (SYF) delivered earnings and revenue surprises of 8.93% and 1.43%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Includes Benefit from Walmart Portfolio Reserve Reduction of $0.38 Per Diluted Share STAMFORD, Conn. , Oct. 18, 2019 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced third quarter 2019 net ...
Synchrony Financial (SYF) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
PayPal Holdings Inc. plans to roll out a Venmo credit card next year as the online-payments giant looks for new ways to monetize the popular peer-to-peer money-transfer platform.
STAMFORD, Conn. and SAN JOSE, Calif., Oct. 17, 2019 /PRNewswire/ -- PayPal Holdings, Inc. (PYPL) and Synchrony (SYF) today announced an expansion and extension of their strategic consumer credit relationship. As part of their expanded partnership, Synchrony will become the exclusive issuer of a Venmo co-branded consumer credit card in the U.S., which is expected to launch in the second half of 2020. PayPal and Synchrony also announced an extension of their overall consumer credit program relationship.
A well-balanced mix of spending, fees and loans spread across geographies and customer segments might have aided American Express' (AXP) Q3 earnings.
Multi-year agreement demonstrates commitment to offer consumers affordable payment options for their Polaris purchases STAMFORD, Conn. , Oct. 16, 2019 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer ...
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
Synchrony (SYF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet...
Synchrony (SYF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
STAMFORD, Conn. , Sept. 27, 2019 /PRNewswire/ -- Synchrony (NYSE: SYF) plans to report its third quarter 2019 results before the market opens on Friday, October 18, 2019 . The earnings release and presentation ...
Synchrony Financial's (SYF) payment solution CareCredit partners Walgreens to boost its card acceptance for wellness and health-oriented transactions.
(Bloomberg) -- Fintech Fundbox Inc. has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company plans to announce the funding on Tuesday, along with a new $150 million credit facility. A Fundbox spokesman said the new round valued the company at between $500 million and $1 billion, but would not disclose the exact valuation. The San Francisco-based startup is both a lender and a payments processor for small businesses. It uses artificial intelligence to assess the creditworthiness of potential borrowers, collecting data from other software and services used by the business, as well as their bank accounts.The platform also facilitates quick payments to the borrower’s suppliers. “We are focused on unlocking the working capital that’s tied up in unpaid invoices," Chief Operating Officer Prashant Fuloria said. By using Fundbox, “the seller gets paid right away," he added.Fundbox plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with. The company will use the credit facility to lend directly to customers, Fuloria said.The business-to-business fintech lending industry has piqued the interest of entrepreneurs and investors in recent months. Other players include fast-growing Brex Inc., which offers quick credit decisions and credit cards for startups, also using non-traditional metrics. Jack Dorsey’s Square Inc., too, lends money to its small business customers.“There will always be competition where people flood the same customers,” said Joseph Engelhart, chief investment officer of Allianz X, the insurer’s investment arm. “What we like is the underlying technology where we think they still have an edge in extending credit to the right people.”Investors in Fundbox’s latest round include Allianz, Hamilton Lane Inc. and Synchrony Financial. It also saw participation from existing VCs including Khosla Ventures and Spark Capital Growth. The company declined to disclose which investors provided the credit facility. Amazon.com Inc.’s Jeff Bezos and celebrity venture capitalist Ashton Kutcher are also investors in the company, but did not participate in the most recent round. The startup has raised $300 million in funding so far.\--With assistance from Yaacov Benmeleh.To contact the reporter on this story: Ed Ludlow in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne VanderMey at email@example.com, ;Mark Milian at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
COSTA MESA, Calif., Sept. 23, 2019 /PRNewswire/ -- CareCredit today announced a strategic partnership with Walgreens that expands CareCredit's network of more than 230,000 healthcare providers and retailers nationwide that accept the CareCredit credit card to include 8,500+ Walgreens® and Duane Reade® stores in the U.S., Puerto Rico and Virgin Islands, providing consumers more locations where they can use the card for their health and wellness needs. CareCredit, a Synchrony solution, helps consumers get the care they want and need by allowing them to pay over time for deductibles, co-pays, co-insurance and out-of-pocket medical expenses like prescriptions. Synchrony has expanded CareCredit acceptance by creating an innovative technical solution for seamlessly processing CareCredit transactions at Walgreens.