BTIG Keeps Synchrony Financial (SYF) at 'Buy'; Credit Concerns are Yesterday's News
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Synchrony Financial Reports Second Quarter Net Earnings of $489 Million or $0.58 Per Diluted Share
July 22, 2016 6:30 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced second quarter 2016 net earnings of $489 million, or $0.58 per diluted share. Highlights for the quarter included:
Net interest income increased 10% from the second quarter of 2015 to $3.2 billion Loan receivables grew $7 billion, or 11%, from the second quarter of 2015 to $68 billion Purchase volume increased 9% from the second quarter of 2015 Strong deposit growth continued, up $9 billion, or 23%, over the second quarter of 2015 Renewed key relationships Ashley Homestore, Suzuki, VCA Animal Hospitals, and... More