Synchrony Financial Reports Fourth Quarter Net Earnings of $731 Million or $1.15 Per Diluted Share

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Go back to Synchrony Financial Reports Fourth Quarter Net Earnings of $731 Million or $1.15 Per Diluted Share

Synchrony Financial (SYF) Tops Q4 EPS by 8c

January 24, 2020 6:04 AM EST

Synchrony Financial (NYSE: SYF) reported Q4 EPS of $1.15, $0.08 better than the analyst estimate of $1.07.

Loan receivables decreased 6% to $87.2 billion; loan receivables grew 5% on a Core** basisInterest and fees on loans decreased 6% to $4.5 billion; interest and fees on loans increased 5% on a Core basisPurchase volume was flat at $40.2 billion; purchase volume was up 7% on a Core basisAverage active accounts decreased 5% to 74 million; average active accounts grew 3% on a Core basisDeposits grew $1.1 billion, or 2%, to $65.1 billionAnnounced a new partnership with Verizon making Synchrony the exclusive... More