Latest news with #Synchrony
Yahoo
31-07-2025
- Business
- Yahoo
Synchrony Financial (SYF) Eyes Apple Card Opportunity Amid Competitive US$21 Billion Portfolio Talks
Amidst speculation about Apple potentially selling its credit card portfolio, Synchrony Financial saw a significant price movement in the last quarter with a 34% increase in its stock price. This sharp rise can be partly attributed to Synchrony's inclusion as a contender to acquire the Apple Card program, suggesting possible expansion opportunities for the company. Additionally, Synchrony reported strong Q2 earnings with a notable rise in net income and EPS, indicating financial robustness. The company's share buyback and dividend declarations may have further strengthened investor confidence, complementing the broader market's upward trend due to strong corporate earnings and economic growth. We've identified 2 risks with Synchrony Financial and understanding the impact should be part of your investment process. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The potential sale of Apple's credit card portfolio has sparked interest in Synchrony Financial, prompting a robust 34% increase in its share price for the past quarter. This sharply contrasting response aligns well with the company's future prospects as outlined. The potential acquisition signals significant expansion opportunities, enhancing Synchrony's access to vast consumer databases and proprietary technology. This could bolster Synchrony's revenue streams, particularly given its strategic retail partnerships and focus on digital integration. Over the past five years, Synchrony has delivered a remarkable total shareholder return of 237.74%, highlighting a strong long-term performance. This impressive growth rate stands out, especially when considering the broader market's returns. Moreover, Synchrony has surpassed the US Consumer Finance industry's one-year return of 27.7%, showcasing its competitive advantage and operational effectiveness. The news surrounding Apple's credit card further impacts Synchrony's revenue and earnings forecasts. Analysts predict revenue growth at 13.9% annually, accelerated by novel digital payment partnerships with major retailers. Despite a projected decline in profit margins from 34.9% to 19.9% over the next three years, the anticipated growth in digital and e-commerce channels should contribute positively to the company's profitability. Despite the notable quarterly share price increase, the current stock price of US$70.26 is still at a discount of approximately 13.39% to the consensus price target of US$79.67. This suggests further growth potential as the market continues to evaluate the company's prospects. Investors are encouraged to consider Synchrony's long-term growth narrative while taking into account competitive pressures and regulatory changes that could pose challenges to its future trajectory. Evaluate Synchrony Financial's prospects by accessing our earnings growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SYF. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
Forbes
24-07-2025
- Business
- Forbes
Forbes Daily: Rising Cocoa Prices Lead Hershey To Raise Candy Prices
Americans are in more debt than ever, but so far, borrowers are holding up fine, Synchrony's financial results show. Inflation threatens to derail that. The financial performance of the Connecticut-based bank offers a window into the health of U.S. consumers, since the firm says one in every four American adults has a Synchrony card—it offers co-branded credit cards and point-of-sale loans for customers like Sam's Club, Lowe's and PayPal. After the pandemic caused a spike in default rates, the bank's CEO Brian Doubles said more customers are now paying back their loans than expected. But while Doubles was optimistic about growth this year, one analyst says the bank's customers are particularly vulnerable to inflation because many have below-average credit Trump Organization has not announced any deals in Abu Dhabi yet, but there have been plenty of signs to suggest it has plans to make a move in the capital of the United Arab Emirates. It's part of a slew of recent overseas Trump projects, all of which represent an about-face for the president, who hung onto ownership of his assets during his first term but stuck them in a trust and promised to launch no new ventures abroad. 'It's gone so far as to be whatever is the direct opposite of government ethics—I suppose we'd call that corruption,' said Walter Shaub, who led the Office of Government Ethics in President Donald Trump's first term before stepping down and speaking out. Columbia University on Wednesday announced that it has agreed to pay $221 million to settle multiple civil rights investigations opened by the Trump Administration, which accused the university of failing to combat antisemitism on campus. The university said the agreement 'preserves Columbia's autonomy and authority over faculty hiring, admissions, and academic decision-making,' while President Trump praised the university for 'agreeing to do what is right.' Photo by Beata Zawrzel/NurPhoto via Getty Images Tesla reported its worst revenue decline in more than a decade Wednesday, as Elon Musk's political activities continue to weigh on the company's bottom line. The EV maker attributed the downturn to a 13% decline in vehicle deliveries in the second quarter and less cash from selling regulatory credits, though analysts have expressed some optimism after the company's limited robotaxi rollout in Austin, Texas. It was harder to sell a small business last quarter, data from online marketplace BizBuySell shows, as buyers were cautious about higher interest rates, tougher loan rules and overall economic stability. The median sale price also fell by 6% on a year-over-year basis, but some sectors were more impacted than others: Service-oriented businesses like healthcare and construction continue to attract buyers, while manufacturing took a sharp hit. Record high home prices and elevated mortgage rates are tamping down real estate demand, as sales of existing homes fell 2.7% in June, according to data from the National Association of Realtors. The median existing-home price reached an all-time high of $435,000, and NAR Chief Economist Lawrence Yun said years of undersupply are driving the record prices. TECH + INNOVATION Vanta cofounder and CEO Christina Cacioppo Katie Thompson Security and compliance software company Vanta said Wednesday it raised $150 million, valuing the startup at $4.15 billion. The firm, cofounded by CEO Christina Cacioppo, who is on Forbes' list of America's Richest Self-Made Women, seeks to automate businesses' security compliance processes, through both continuous monitoring and real-time reports with the help of AI. Google parent company Alphabet exceeded expectations for its second-quarter earnings, spurred by its cloud and search business, though shares remain relatively flat for the year. Experts have mixed expectations for the company's stock ahead of a looming antitrust ruling that could force a sale of its Chrome browser. MONEY + POLITICS U.S. Attorney General Pam Bondi Photo byIn the latest update to a quickly escalating crisis for the White House, the Wall Street Journal reported that Attorney General Pam Bondi told President Donald Trump he was named multiple times in the Epstein files at a routine briefing in May. Officials reportedly told Trump the files contained rumors about him and other high-profile figures who socialized with Epstein in the past. Trump had a long association with the disgraced financier before Epstein pleaded guilty to sex crimes in 2008. In a 2-1 ruling, the 9th U.S. Circuit Court of Appeals upheld a lower court ruling that blocked President Donald Trump's order seeking to end birthright citizenship, deeming it unconstitutional. In its majority opinion, the court said that the executive order 'contradicts the plain language of the Fourteenth Amendment's grant of citizenship to 'all persons born in the United States.'' Wednesday's ruling will likely set up a future hearing by the Supreme Court. TRENDS + EXPLAINERS President Donald Trump's battle with universities has focused on elite private schools, but the impacts on higher education as a whole have been sweeping: In the first six months of the Trump Administration, federal agencies—primarily the National Institutes of Health and the National Science Foundation—canceled more than 4,000 grant awards worth an estimated $7 billion at over 600 colleges and universities. Among the 10 states that have lost the most funding per student, four are red and six are blue, a new report from the left-leaning think tank Center for American Progress shows. DAILY COVER STORY Former Citigroup Chair Sandy Weill's New $100 Million Gift To Harness AI For A West Coast Cancer Hub Philanthropists Joan and Sandy Weill Walter Zarnowitz/UCSF Sanford 'Sandy' Weill, the former CEO and chairman of banking giant Citigroup, and his wife Joan have been big donors to medical research on both coasts of the U.S. Now, the couple are taking it up a notch. On Wednesday, two Bay Area universities—University of California, San Francisco and Stanford University—announced a $100 million gift over 10 years from the Weill Family Foundation for a new cancer hub that is designed to advance cancer research and treatment via four specific projects. The gift, a matching grant, has the goal of raising an additional $100 million for the new initiative, called the Weill Cancer Hub West. A quarter of the matching funds have already been raised, the universities said. Sandy Weill, who retired as Citigroup CEO in 2003 and as chairman in 2006 and dropped off Forbes' billionaires list in 2022 as a result of his charitable giving, is now 92 years old and devoting most of his time to philanthropy via he and Joan's $425 million (assets) charitable foundation. Though the death rate from cancer has fallen by about a third in the past quarter century, cancer is still on the rise, with almost 20 million new cases annually and about 10 million deaths globally each year. The Weill Cancer Hub West will harness recent promising developments to tackle cancer. One project will use the gene editing tool CRISPR to engineer immune cells inside the body by injecting the CRISPR machinery into a patient, deliver it to a patient's immune cells, and reprogram those cells to go after the cancer. Another project, in the area of cellular therapy, aims to build weaponized cells that are personalized to each patient to go after solid tumors—like breast cancer or pancreatic cancer. WHY IT MATTERS 'This donation comes at a time when funding for more than 1,000 grants from the National Institutes of Health has reported to have been cut off and a debate continues on dramatically reducing their budget,' says Forbes assistant managing editor Kerry Dolan. 'Though extraordinary progress in cancer treatment has been made in recent decades, there's still much to accomplish. Plus, private funding like the grant from the Weills' foundation enables the two universities to take more risk than they would likely be able to with government funding.' MORE How This New Biotech Billionaire Outmaneuvered Merck In China FACTS + COMMENTS Prices on a number of Hershey's candy products will soon increase due to a surge in cocoa prices. The iconic American chocolate company will also adjust each container's weight and quantity: From the low teens to 20%: The size of the price hikes, which will vary 90 days: The amount of time it typically takes higher prices to materialize at retailers, according to a spokesperson $15 million to $20 million: The hit Hershey expects to take from President Donald Trump's wide-ranging tariff policies this year STRATEGY + SUCCESS Modern society places an emphasis on perseverance, but sometimes it's better to know when to walk away. Don't stick with something just because you invested time and money into it—if you spend time on something, it takes away from doing something else that you may be more passionate about. Quitting may be another path to self-improvement. VIDEO QUIZ An upcoming film from Amazon MGM Studios will feature portrayals of several billionaires. Who is actor Ike Barinholtz in talks to play in the comedy-drama Artificial ? A. Bill Gates B. Sam Altman C. Jeff Bezos D. Elon Musk Check your answer. Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.
Forbes
22-07-2025
- Business
- Forbes
Credit Card Giant Synchrony's Earnings Show U.S. Consumer 'In Pretty Good Shape'–As Long As Inflation Doesn't Spike
Synchrony, which has 68 million active accounts, saw more consumers paying back their loans in the second quarter of 2025 versus last year. Jaque Silva/NurPhoto via Getty Images A mericans have more debt than they've ever had, making them vulnerable to defaulting on their loans if the economy turns south. New financial results from credit card issuer Synchrony show that U.S. borrowers are holding up fine, but if inflation rises sharply again, all bets are off. Synchrony is a Stamford, Connecticut-based bank that offers co-branded credit cards and point-of-sale loans for customers like Sam's Club, Lowe's and PayPal. One in every four American adults has a Synchrony card, the company says, so its financial performance gives us an inside look into consumers' financial health. The bank manages a book of $100 billion in loans and has a stock market value of $27 billion. Have a story tip? Contact Jeff Kauflin at jkauflin@ or on Signal at jeff.273. During the first two years of the pandemic, U.S. consumers became financially healthier than ever thanks to government stimulus checks and increased saving. But after inflation rose quickly in the years that followed, consumers strained to meet rising expenses, with lower-income consumers being particularly hard-hit. Default rates hit alarmingly high levels. In November 2024, nearly 8% of people with credit scores of 660 or below were at least 30 days late on their credit card payments. It was the highest delinquency rate seen among that group since January 2011, according to Moody's and Equifax. Synchrony saw a similar trend among its customers. The bank's charge-off rates, or the dollar amount of its loans it considers gone for good because consumers probably won't pay them back, went from 4.75% in the second quarter of 2023 to 6.42% a year later, sailing past the 6% maximum charge-off rate the company aims for. 'Since we hadn't experienced inflation for so long, lenders didn't have a large and modern set of data to react to it with a scientific or surgical approach,' says John Hecht, an analyst at Jefferies. In Synchrony's second quarter of 2025 earnings call on Tuesday, CEO Brian Doubles said more consumers are now paying back their loans than the company expected. 'They're still in pretty good shape. We're not seeing signs of weakness,' he said, adding that consumer spending is 'pretty strong.' Charge-offs fell from 6.4% in the first quarter of this year to 5.7%, and the number of people who were at least 30 days late on their payments fell, too. Synchrony's total book of loans shrank 2% in the second quarter of 2025 compared with a year ago. But Doubles has recently led Synchrony to start 'opening up the credit box,' or loosening its standards for doling out money. He expects faster growth in the second half of this year and next year. Doubles is optimistic, but his predictions 'exclude any potential impacts from the deteriorating macroeconomic environment, or from the implementation of tariffs or potential retaliatory tariffs, as their effects remain unknown,' Synchrony chief financial officer Brian Wenzel said on the call. In other words, if inflation jumps up, borrowers' plight will worsen quickly. An analyst from JPMorgan asked Doubles how he'll keep borrower defaults under control while relaxing lending standards. The CEO responded that lending 'has always been an art and a science.' He said he likes the credit trends he's seeing and is being selective in where to expand. Yet he also added, 'The most important part here now is what's going to happen with the economy and essentially a tariff situation.' Synchrony's customers are especially vulnerable to getting hurt by inflation, says TD Cowen analyst Moshe Orenbuch, because many have below-average credit scores. According to Synchrony, 28% of its credit card customers had FICO scores below 650 as of March 2025. The company touted a few new products and customers that it expects will drive higher growth. That included a new buy-now, pay-later product for Amazon users, a physical PayPal credit card and two credit cards for Walmart's digital bank, OnePay. Walmart was a long-time Synchrony customer until 2018, when the retail giant switched to Capital One. Back then, Synchrony managed $10 billion in loans for Walmart. Doubles said Walmart will eventually become one of Synchrony's top five customers now that it has won back that credit card business. After the earnings call, Synchrony's stock closed up 1.8% for the day. So far in 2025, its stock has risen 8.7%, according to FactSet, compared with 7.3% for the S&P 500.
Yahoo
16-06-2025
- Health
- Yahoo
What you need to know before financing healthcare costs
Most Americans are putting off medical treatment due to expensive out-of-pocket health costs. Beto Casellas, CEO of Synchrony's Health & Wellness Platform, joins Wealth to discuss a new initiative aimed at helping consumers finance treatment through clearer, more transparent options. To watch more expert insights and analysis on the latest market action, check out more Wealth here. 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
CNET
14-06-2025
- Business
- CNET
You Still Can't Use Apple Pay at Walmart but You Have Another Digital Wallet Option
If you're shopping at Walmart, your digital payments options are limited to the OnePay Wallet or Walmart Pay. Kativ/Getty Images If you're shopping in-store at Walmart, you can't use Apple Pay or Google Pay to make a purchase. But Walmart introduced a credit card that already offers its own digital wallet. OnePay, a Walmart majority-owned fintech, announced it's partnering with financial service Synchrony to introduce a Walmart-branded credit card this fall but you can use the OnePay digital wallet now to shop at Walmart. Early this spring, OnePay partnered with Buy Now Pay Later app Klarna to offer installment loans for purchases at Walmart. Synchrony, a big player in the retail credit card industry, used to be Walmart's credit card issuer before the retailer switched to Capital One in 2018. That relationship ended in 2023 when Walmart sued the bank to end the partnership ahead of schedule. Walmart also will continue to accept its own digital wallet, Walmart Pay, which was launched in 2016. And you can still use most major credit and debit cards when buying something in-store or online. Digital wallets like Apple Pay have grown in popularity in the past several years, offering the convenience of paying without having to carry a credit card. Digital cards also keep your transactions more secure than when using a physical card. Apple Wallets and Google Wallets can store payment options as well as your digital hotel key, boarding passes and concert tickets. The OnePay Wallet, which can only be used at Walmart and on is limited to storing up to 20 credit or debit cards and cannot hold other digital documents or passes. We'll break down all your payment options when shopping at Walmart. Why doesn't Walmart accept Apple Pay or Google Pay? Walmart, with more than 4,600 locations across the country, is one of the last major retailers to refuse to accept popular third-party contactless payment options like Google Pay and Apple Pay. (However, you can use your Apple Card, just not through Apple Pay.) By sticking to its own mobile payment apps, Walmart avoids paying fees for third-party options and can more easily track your purchase history. However, that exclusivity also makes purchases less convenient for customers who use digital apps and wallets as their primary means of payment. How to use OnePay Here's how to use the OnePay wallet to make a contactless payment for your Walmart purchases: Download the OnePay app and sign up for an account Add any debit or credit card to your OnePay Wallet -- If you already have a OnePay debit card, it will automatically be added to your wallet When checking out, scan the QR code that appears on the payment terminal or self-checkout screen You can also sign up for OnePay Wallet during checkout. You'll just need a credit or debit card to add to the OnePay Wallet the first time. After that, the OnePay Wallet will become your default payment method at checkout. If you're a regular Walmart shopper, the OnePay option could potentially help you save because it lets you earn reward points for every purchase, which can then be redeemed for cash back if you have a OnePay Cash account. New customers who sign up directly with OnePay Wallet can earn $15 cash back when they spend $15 or more in-store at Walmart or on How to use Walmart Pay If you download the Walmart app, you can add payment methods in a wallet within Account Settings, then use them with Walmart Pay. The app allows you to store a variety of payment methods: Credit and debit cards from most of the major issuers, including Visa, Mastercard, American Express and Discover Bank account Walmart gift cards Electronic Benefits Transfer Health care benefits cards, like HSA and FSA PayPal If you're in a store, you can use Walmart Pay within the app and then scan the QR code at checkout to pay for your purchase. When the payment is complete, you'll receive a digital receipt in the app. Alternative payment options to Walmart Pay If you don't want to use the Walmart app or the OnePay wallet, you can still make purchases at Walmart. If you're making a purchase in store, you can use cash, credit and debit cards, Walmart gift cards, Electronic Benefits Transfer, HSA and FSA cards, or PayPal (in some locations). To use PayPal at the register, you'll need the PayPal app. From the menu, select In-person & QR code to set up in-person payments. Choose "Show to pay" and a QR code will be generated, which can be scanned by the cashier to process your payment. Walmart also accepts PayPal for online purchases. If your Walmart doesn't offer PayPal at the register and you want an extra layer of security protecting your bank account or card number, you can order the item online and pay using your PayPal account. You can also still technically use your other digital wallets to shop online at Walmart online. You'll just need to enter your credit card number when checking out. In a digital wallet, you can find your card number by clicking on the payment method in the wallet, then going to the menu in the top left corner and clicking on Card Number. You'll see your card number (or virtual card number, if available), expiration date and security code, which you'll need to enter in as payment info on the
