Latest news with #SynchronyFinancial
Bloomberg
3 days ago
- Business
- Bloomberg
PayPal Unveils Another Credit Card for In-Person Shopping Push
PayPal Holdings Inc. is adding a new card to bring its online credit product to physical stores as the company focuses on expanding its name recognition with in-person transactions. The new PayPal credit card joins the San Jose, California-based company's debit card, introduced more than two decades ago, and a separate 3% cash-back credit card. The new credit card, issued by Synchrony Financial, will launch with a six-month promotion offering no-interest financing for qualifying travel purchases including flights and hotels, according to a statement.
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
Yahoo
14-05-2025
- Business
- Yahoo
Synchrony Financial (NYSE:SYF) Approves New US$2.5 Billion Share Buyback Program
Synchrony Financial has seen its share price rise by 33% over the last month, influenced by several key developments. The company announced a significant new partnership with Texas A&M University Veterinary Medical Teaching Hospital, enhancing its CareCredit services in veterinary financing, and launched a private label credit card with Belle Tire, broadening its reach in auto-related financing. Additionally, Synchrony's decisions to increase dividends and authorize a new $2.5 billion share buyback program likely provided further confidence to investors. These positive moves contrast with the company's mixed earnings report but align well with a broadly rising market. Synchrony Financial has 1 weakness we think you should know about. The end of cancer? These 24 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent developments at Synchrony Financial, including new partnerships and a share buyback program, are expected to positively influence revenue by increasing purchase volumes and customer loyalty. These initiatives could also bolster the company's earnings and enhance shareholder value over time, thanks to the improved utilization of capital resources. However, analysts anticipate that profit margins might compress due to current economic uncertainties and lower liquidity yields, potentially offsetting some of the expected revenue benefits. Over the past five years, Synchrony Financial has delivered an impressive total shareholder return of very large % despite encountering a mixed report in recent earnings. This long-term performance showcases the company's capacity to generate shareholder value through both capital appreciation and dividends. In contrast, the company's one-year performance outpaced the US Consumer Finance industry, which posted a 28.1% increase, emphasizing its strong market positioning. Additionally, the recent share price surge of 33% before the current price of US$53.40 reflects positive investor sentiment towards the company's initiatives but still presents a proximity of 14.1% to the consensus price target of US$62.19. This proximity suggests there is still potential upside if Synchrony Financial executes on its strategy effectively and meets earnings expectations. However, ongoing attention to market dynamics and company-specific factors will be crucial for ensuring that these forecasts are met. Gain insights into Synchrony Financial's outlook and expected performance with our report on the company's earnings estimates. 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 NYSE:SYF. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
14-05-2025
- Business
- Yahoo
Synchrony Financial (NYSE:SYF) Approves New US$2.5 Billion Share Buyback Program
Synchrony Financial has seen its share price rise by 33% over the last month, influenced by several key developments. The company announced a significant new partnership with Texas A&M University Veterinary Medical Teaching Hospital, enhancing its CareCredit services in veterinary financing, and launched a private label credit card with Belle Tire, broadening its reach in auto-related financing. Additionally, Synchrony's decisions to increase dividends and authorize a new $2.5 billion share buyback program likely provided further confidence to investors. These positive moves contrast with the company's mixed earnings report but align well with a broadly rising market. Synchrony Financial has 1 weakness we think you should know about. The end of cancer? These 24 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent developments at Synchrony Financial, including new partnerships and a share buyback program, are expected to positively influence revenue by increasing purchase volumes and customer loyalty. These initiatives could also bolster the company's earnings and enhance shareholder value over time, thanks to the improved utilization of capital resources. However, analysts anticipate that profit margins might compress due to current economic uncertainties and lower liquidity yields, potentially offsetting some of the expected revenue benefits. Over the past five years, Synchrony Financial has delivered an impressive total shareholder return of very large % despite encountering a mixed report in recent earnings. This long-term performance showcases the company's capacity to generate shareholder value through both capital appreciation and dividends. In contrast, the company's one-year performance outpaced the US Consumer Finance industry, which posted a 28.1% increase, emphasizing its strong market positioning. Additionally, the recent share price surge of 33% before the current price of US$53.40 reflects positive investor sentiment towards the company's initiatives but still presents a proximity of 14.1% to the consensus price target of US$62.19. This proximity suggests there is still potential upside if Synchrony Financial executes on its strategy effectively and meets earnings expectations. However, ongoing attention to market dynamics and company-specific factors will be crucial for ensuring that these forecasts are met. Gain insights into Synchrony Financial's outlook and expected performance with our report on the company's earnings estimates. 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 NYSE:SYF. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
