Latest news with #SYF
Yahoo
6 days ago
- Business
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Synchrony Expands Credit Reach With New PayPal Credit Card
A prominent player in the consumer financing space, Synchrony Financial SYF recently issued a new physical credit card in collaboration with PayPal. This new card allows users to access PayPal Credit not only online but also in-store and anywhere Mastercard is accepted. The card includes a limited-period offer for its customers — six months of promotional financing on travel purchases with no minimum spend. From flights, cruises, ride shares or hotels, users can now manage huge travel expenses with ease, spreading out payments without worrying about their budget. Along with the limited-time travel deal, customers can still take advantage of six months of promotional financing on purchases of more than $149. With the growing consumer interest in alternative financing options and Buy Now, Pay Later (BNPL) solutions, the introduction of a new physical card offers users more ways to pay while making the most of their existing credit lines. Additionally, allowing PayPal Credit to be used at point-of-sale terminals puts pressure on both banks and BNPL players. This launch strengthens SYF and PayPal's long-term relationship as it aligns with their strategies. Synchrony's strategic focus on diversifying its portfolio and integrating its credit products into rapidly growing digital ecosystems is supported by PayPal's vast user base. PayPal reported 436 million active accounts in the first quarter of 2025. This expansion may boost payment volumes and customer retention. SYF is actively expanding its presence through partnerships and collaborations, which will likely improve its active accounts. In the first quarter of 2025, its purchase volume fell 4% year over year to $40.7 billion. Over the past year, Synchrony shares have gained 37.9% compared with the industry's rise of 8%. Image Source: Zacks Investment Research SYF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Pagaya Technologies Ltd. PGY, Heritage Insurance Holdings Inc. HRTG and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Pagaya Technologies' current-year earnings of $2.45 per share has witnessed two upward revisions in the past 30 days against none in the opposite direction. Pagaya Technologies beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 12.9%. The consensus estimate for current-year revenues is pegged at $1.2 billion, implying 19.9% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 30 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Acadian's current-year earnings is pegged at $2.86 per share, implying 3.6% year-over-year growth. In the past 30 days, Acadian has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $526.8 million, calling for 4.2% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchrony Financial (SYF) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report Acadian Asset Management Inc. (AAMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
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Synchrony & Jewelers Mutual Unite to Transform Jewelry Financing
A leading player in the consumer financing space, Synchrony Financial SYF recently teamed up with Jewelers Mutual Group with a new sponsorship agreement. This partnership aims to integrate financial services with insurance offerings, allowing them to combine their market efforts and connect with a broader audience in a more streamlined and effective manner. Through this strategic partnership, SYF's consumer financing solutions will be promoted through Jewelers Mutual's marketing channels and featured prominently on the Zing Marketplace. It is a digital hub for jewelers, which includes a diamond marketplace, jeweler web pages and a jewelry appraisal solution. This combined strategy offers significant benefits to jewelry retailers by providing them with the tools they need to not only increase sales through financing options but also to help customers understand how to protect their purchases. With more than 4,000 jewelry retailers already taking advantage of Synchrony's financing solutions and over one million customers trusting Jewelers Mutuals for insurance, this collaboration is set to enhance the market presence of both brands. This is a remarkable step toward integrating the value chain. When consumers consider purchasing expensive jewelry, they usually choose options for financing and protection. By merging these two services into one marketing strategy, this collaboration could lead to greater customer trust, simplify the buying process, and ultimately boost the average order values for retailers. If this strategy works as planned, it could serve as a blueprint for other industries that deal with high-value purchases, such as electronics or automotive. It highlights how strategic collaborations can create synergies between sectors that usually operate independently. SYF is actively expanding its presence through partnerships and collaborations, which will likely improve its active accounts. In the first quarter, its average active accounts of 69.3 million slipped 3% year over year. Some of its recent partnerships are with Discount Tire and the Independent Animal Hospital Association. Over the past year, Synchrony shares have gained 35.7% compared with the industry's growth of 7.8%. Image Source: Zacks Investment Research SYF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Horace Mann Educators Corp HMN, Heritage Insurance Holdings Inc. HRTG and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Horace Mann Educators' current-year earnings of $4.01 per share has witnessed two upward revisions in the past 30 days against none in the opposite direction. Horace Mann Educators beat earnings estimates in three of the trailing four quarters and met once, with the average surprise being 24.1%. The consensus estimate for current-year revenues is pegged at $1.7 billion, implying 6.6% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 30 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Acadian's current-year earnings is pegged at $2.86 per share, implying 3.6% year-over-year growth. In the past 30 days, Acadian has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $526.8 million, calling for 4.2% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Horace Mann Educators Corporation (HMN) : Free Stock Analysis Report Synchrony Financial (SYF) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Acadian Asset Management Inc. (AAMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Synchrony enters into new sponsorship agreement with Jewelers Mutual
Synchrony (SYF) and Jewelers Mutual, an insurer dedicated to protecting jewelry and jewelry businesses for over a century, announced a new sponsorship agreement to co-market both services to jewelry merchants looking to make customers aware of both financing and insurance coverage options. As part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing Marketplace, a comprehensive online platform created for its member retailers. Zing Marketplace features tools to help merchants serve their customers, including jeweler web pages, diamond marketplace, a jewelry appraisal solution and, now, financing offerings from Synchrony. Synchrony will also feature offers directly from Jewelers Mutual to merchants and consumers through select marketing materials as well as on Synchrony Marketplace, a shopping destination for consumers to find special offers from Synchrony partners. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SYF: Disclaimer & DisclosureReport an Issue Synchrony price target raised to $63 from $57 at Truist Synchrony and Discount Tyre extend partnership Strong Credit Management and Stable Loan Growth Drive Buy Rating for Synchrony Financial Synchrony Financial Releases April 2025 Charge-Off Data Synchrony removed from bullish Fresh Pick status at Baird
Yahoo
23-05-2025
- Automotive
- Yahoo
Why Synchrony's Partnership Extension With Discount Tire is Important
Synchrony Financial SYF recently renewed and extended its long-standing partnership with Discount Tire, a major tire and wheel retailer in the United States. This deal ensures that customers at Discount Tire and its related brands can continue using Synchrony's Car Care network to finance tire and auto-related purchases at over 1,200 retail stores and more than a million additional locations within the Car Care network nationwide. This extension is significant because it reinforces Synchrony's position in the auto financing space. As vehicle ownership costs rise and cars stay on the road longer, more consumers are looking for ways to manage large, necessary purchases like tires. Through this partnership, SYF gives customers an easier way to afford essential auto maintenance by offering flexible financing, special promotions and convenient payment tools like Apple Pay. The move will also strengthen customer loyalty for both companies by enhancing convenience and affordability. As more customers finance big-ticket purchases like tires, Synchrony's loan volume will rise, and it stands to earn more from interest payments, especially when deferred interest promotions convert. Retaining a key partner like Discount Tire helps maintain consistent revenue streams and reduces churn risk in Synchrony's merchant base. With the card accepted at a million+ locations and being compatible with Apple Wallet, usage will continue to rise, leading to higher transaction volumes. Offering tools like a quick prequalification check without a credit score impact can drive more sign-ups, helping SYF grow its active user base and deepen customer lifetime value. These are important steps by the company, especially as its first-quarter results revealed some weaknesses. Total loan receivables of $99.6 billion slipped 2% year over year, while purchase volume fell 4% to $40.7 billion and average active accounts of 69.3 million decreased 3%. Shares of Synchrony have gained 31.5% in the past year compared with the industry's 8.2% rise. Image Source: Zacks Investment Research Synchrony currently carries a Zacks Rank #3 (Hold). Investors interested in the broader Finance space may look at some better-ranked players like Axos Financial AX, Intercorp Financial Services IFS and Oportun Financial OPRT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Axos Financial's current-year earnings witnessed three upward estimate revisions against no downward movement. It beat earnings estimates in each of the past four quarters, with an average surprise of 4.5%. The consensus mark for Axos Financial's current year revenues suggests a 5.4% jump from a year ago. The Zacks Consensus Estimate for Intercorp Financial's 2025 earnings indicates 41.6% year-over-year growth. During the past month, it has witnessed one upward estimate revision against none in the opposite direction. Intercorp Financial beat earnings estimates in each of the past four quarters, with an average surprise of 17.3%. The Zacks Consensus Estimate for Oportun Financial's current-year earnings suggests a 66.7% year-over-year increase. During the past month, it has witnessed two upward earnings estimate revisions against one in the opposite direction. The consensus mark for Oportun Financial's current year revenues is pegged at $962.4 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchrony Financial (SYF) : Free Stock Analysis Report AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report Intercorp Financial Services Inc. (IFS) : Free Stock Analysis Report Oportun Financial Corporation (OPRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
15-05-2025
- Business
- Yahoo
5 Stocks That Recently Hiked Their Dividend to Reward Investors
Major U.S. indexes, such as the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average, have lost their ground by 13.5%, 8.6%, and 6.9%, respectively, year to date, due to President Donald Trump's reciprocal foreign tariff policy particularly with China, where the effective tax rate is as high as 145%, investors fear rising inflation, sluggish economic growth, and a near-term recession. However, Trump has recently adopted a softer tone and signaled that import duties may be significantly reduced if a deal is reached. The consumer sentiment for April reported by the University of Michigan was 50.8, the lowest since June 2022, mostly due to concerns over rising inflation. The core Producer Price Index (PPI) for the month of March increased by 0.3%, indicating ongoing price pressure. However, the PPI for final demand decreased by 0.4% in the same period. Retail sales in March were up 1.4%, beating the consensus estimate of 1.3%. On a year-over-year basis, retail sales were up 4.6%. The Federal Reserve Chair Jerome Powell said that the Federal Reserve needs more clarity before making further interest rate cuts indicating delay. President Trump on the contrary wants immediate monetary policy easing by the Fed to save the economy from slipping into a recession. Market participants fear that the persistent trade conflict, along with a strong likelihood of rising inflation, could lead to slower job growth, diminished business confidence, and a deceleration of overall economic growth. Amid such volatilemarket conditions, investors who wish to diversify their portfolios can pick dividend-paying stocks. Some of the prominent names are Synchrony Financial SYF, Peoples Bancorp PEBO, BanColombia CIB, The Travelers Companies TRV and Fomento Economico Mexicano FMX. Companies that pay out dividends consistently indicate a healthy business model. Stocks that have raised dividends recently exhibit a sound financial structure and can counter market upheavals. Stocks that tend to reward investors with a high dividend payout outperform non-dividend-paying stocks in a highly volatile market. Synchrony Financial Synchrony Financial, one of the nation's premier consumer financial services companies. It offers a wide range of credit products through a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and health and wellness providers. This Stamford, CT-based company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. On April 22, SYF declared that its shareholders would receive a dividend of 30 cents a share on May 15, 2025. SYF has a dividend yield of 2.1%. Over the past five years, SYF has increased its dividend three times, and its payout ratio presently sits at 15% of earnings. Check Synchrony Financial's dividend history here. Synchrony Financial dividend-yield-ttm | Synchrony Financial Quote Peoples Bancorp Peoples Bancorp is headquartered in Marietta, OH. This Zacks Rank #3 company is a financial holding company that provides commercial and consumer banking products and services. On April 21, PEBO declared that its shareholders would receive a dividend of 41 cents a share on May 19, 2025. PEBO has a dividend yield of 5.7%. In the past five years, PEBO has increased its dividend six times. Its payout ratio is currently 47% of earnings. Check Peoples Bancorp's dividend history here. Peoples Bancorp Inc. dividend-yield-ttm | Peoples Bancorp Inc. Quote BanColombia BanColombiais the largest bank in terms of assets and has the largest market participation in deposit products and loans. The Zacks Rank #3 company is headquartered in Medellín, Colombia. On April 15, CIB announced that its shareholders would receive a dividend of 57 cents a share on May 9, 2025. CIB has a dividend yield of 36%. Over the past five years, CIB has increased its dividend eight times. Its payout ratio now sits at 51% of earnings. Check BanColombia's dividend history here. BanColombia S.A. dividend-yield-ttm | BanColombia S.A. Quote The Travelers Companies The Travelers Companies is principally engaged in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States. and select international markets. This New York, NY-based company currently carries a Zacks Rank #3. On April 16, TRV declared that its shareholders would receive a dividend of $1.10 a share on June 30, 2025. TRV has a dividend yield of 1.6%. Over the past five years, TRV has increased its dividend six times, and its payout ratio presently sits at 22% of earnings. Check The Travelers Companies' dividend history here. The Travelers Companies, Inc. dividend-yield-ttm | The Travelers Companies, Inc. Quote Fomento Economico Mexicano Fomento Economico Mexicano operates as aproducer, markets, and distributor of Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina and Uruguay. The Zacks Rank #2 (Buy) company is headquartered in Monterrey, Mexico. On April 14, FMX announced that its shareholders would receive a dividend of $1.63 a share on May 5, 2025. FMX has a dividend yield of 0.4%. Over the past five years, FMX has increased its dividend seven times. Its payout ratio now sits at 12% of earnings. Check Fomento Economico Mexicano's dividend history here. Fomento Economico Mexicano S.A.B. de C.V. dividend-yield-ttm | Fomento Economico Mexicano S.A.B. de C.V. Quote Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Fomento Economico Mexicano S.A.B. de C.V. (FMX) : Free Stock Analysis Report Peoples Bancorp Inc. (PEBO) : Free Stock Analysis Report Synchrony Financial (SYF) : Free Stock Analysis Report BanColombia S.A. (CIB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
