AllAnalyst Report
logoMorningstarJanuary 14, 2021

Synchrony Financial: Encouraging Credit Result From Synchrony Boosted by Expectations for Fiscal Stimulus

Symbols
SYF
Sector(s)
Financial Services
Rating
Premium
Current Price
$38.61
Fair Value
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Economic Moat
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Stewardship
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Summary

Synchrony Financial, originally a spin-off of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).

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