Synchrony Financial (SYF) Tops Q3 EPS by 11c

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Go back to Synchrony Financial (SYF) Tops Q3 EPS by 11c

Synchrony Financial Reports Third Quarter Net Earnings of $671 Million or $0.91 Per Diluted Share

October 19, 2018 6:30 AM EDT

STAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced third quarter 2018 net earnings of $671 million, or $0.91 per diluted share. Highlights included:

Net interest income increased 9% from the third quarter of 2017 to $4.2 billion Loan receivables grew $11 billion, or 14%, from the third quarter of 2017 to $88 billion Purchase volume increased 11% from the third quarter of 2017 to $36 billion Deposits grew $8 billion, or 14%, from the third quarter of 2017 to $62 billion Completed the U.S. PayPal Credit financing program... More