Synchrony Financial (SYF) Tops Q3 EPS by 4c
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Synchrony Financial Reports Third Quarter Net Earnings of $604 Million or $0.73 Per Diluted Share
October 21, 2016 6:30 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced third quarter 2016 net earnings of $604 million, or $0.73 per diluted share. Highlights for the quarter included:
Net interest income increased 12% from the third quarter of 2015 to $3.5 billion Loan receivables grew $7 billion, or 11%, from the third quarter of 2015 to $71 billion Purchase volume increased 8% from the third quarter of 2015 Strong deposit growth continued, up $9 billion, or 23%, over the third quarter of 2015 Renewed key relationships TJX Companies, hhgregg, Nationwide Marketing Group and... More