Nomura Securities Upgrades Synchrony Financial (SYF) to Buy

UBS Cuts Price Target on Synchrony Financial (SYF) Following 3Q Earnings Report

October 20, 2015 10:59 AM EDT

UBS maintained a Neutral rating on Synchrony Financial (NYSE: SYF), and cut the price target to $33.50 (from $35.00), following the company's 3Q earnings results. During the quarter the company saw 12% y/y growth in its receivables portfolio.

Analyst Matthew Howlett commented, "We are... More

Synchrony Financial (SYF) Number Lifted at Bernstein Post Q3; Buy on GE Exchange Weakness

October 19, 2015 7:27 AM EDT

Bernstein analyst Kevin St. Pierre reiterated an Outperform rating and lifted estimates and his price target on Synchrony Financial (NYSE: SYF) to $41.00 (from $38.00) following solid results.

St. Pierre noted the stronger net interest income (driven by a higher margin) and a lower... More

General Electric (GE) Commences Exchange Offer Related to Synchrony (SYF) Spin

October 19, 2015 6:31 AM EDT

General Electric (NYSE: GE) commenced an offer to exchange GE common stock for common stock of Synchrony Financial (NYSE: SYF) presently owned by GE. This exchange offer is in connection with the previously announced separation of Synchrony, the largest provider of private label credit cards in the United States*, from GE. The exchange offer is expected to conclude the week of November 16, 2015.

Last week, Synchrony Financial received approval from the Federal Reserve to become a stand-alone savings and loan holding company following the completion of the... More

Synchrony Financial (SYF) Tops Q3 EPS by 3c

October 16, 2015 9:01 AM EDT

Synchrony Financial (NYSE: SYF) reported Q3 EPS of $0.69, $0.03 better than the analyst estimate of $0.66. Platform revenue for the quarter came in at $2.7 billion, may not compare to the consensus estimate of $3.02 billion.

For earnings history and earnings-related data on Synchrony Financial (SYF) click here.

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GE beats profit expectations as aviation counters weak oil segment

October 16, 2015 6:48 AM EDT

By Lewis Krauskopf

(Reuters) - General Electric Co (NYSE: GE) reported a better-than-expected quarterly profit on Friday, helped by cost cuts and higher sales of its jet engines business that offset struggles in its oil and gas segment.

The U.S. conglomerate, which is pulling back from financial services, also said third-quarter industrial revenue grew 4 percent, excluding the impact of foreign currency swings and acquisitions.

The company maintained its profit forecast for its core industrials segment of $1.13 to $1.20 per share for the full year.

Connecticut-based GE's orders dropped 26 percent,... More