Synchrony Financial Reports Second Quarter Net Earnings of $853 Million or $1.24 Per Diluted Share
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Synchrony Financial (SYF) Tops Q2 EPS by 29c
July 19, 2019 6:03 AM EDTSynchrony Financial (NYSE: SYF) reported Q2 EPS of $1.24, $0.29 better than the analyst estimate of $0.95. Revenue for the quarter came in at $4.16 billion versus the consensus estimate of $4.19 billion.
Loan receivables grew 4% to $81.8 billion; excluding the Walmart portfolio from both periods, loan receivables grew 17% to $81.4 billionNet interest income increased 11% to $4.2 billionPurchase volume grew 12% to $38.3 billion; and average active accounts grew 9% to 75.5 millionDeposits grew $6.6 billion, or 11%, to $65.6 billionCompleted successful conversion of PayPal Credit accountsAdded new Payment Solutions partnerships with Samsung HVAC and Zero Motorcycles and renewed relationships with CCA... More