Synchrony Financial Reports Third Quarter Net Earnings of $1.1 Billion or $1.60 Per Diluted Share
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Synchrony Financial (SYF) Tops Q3 EPS by 47c
October 18, 2019 6:04 AM EDTSynchrony Financial (NYSE: SYF) reported Q3 EPS of $1.60, $0.47 better than the analyst estimate of $1.13. Revenue for the quarter came in at $4.39 billion versus the consensus estimate of $4.35 billion.
Loan receivables decreased 5% to $83.2 billion; excluding the Walmart portfolio from both periods, loan receivables grew 6%Net interest income increased 4% to $4.4 billionPurchase volume grew 5% to $38.4 billion; and average active accounts grew 2% to 76.7 millionDeposits grew $3.7 billion, or 6%, to $66.0 billionCompleted the sale of the Walmart portfolio on October 11, 2019Expanded and extended key strategic consumer... More