Synchrony Financial (SYF) Tops Q2 EPS by 3c

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Synchrony Financial Reports Second Quarter Net Earnings of $541 Million or $0.65 Per Diluted Share

July 17, 2015 9:00 AM EDT

STAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced second quarter 2015 net earnings of $541 million, or $0.65 per diluted share. Highlights for the quarter included:

Total platform revenue increased 9% from the second quarter of 2014 to $2.7 billion Loan receivables grew $7 billion, or 12%, from the second quarter of 2014 to $61 billion Purchase volume increased 11% from the second quarter of 2014 Announced new partnersMattress Firm, Newegg, and Stash Hotel Rewards Extended Chevron, a top 20 partnership,... More