Synchrony Financial (SYF) Misses Q2 EPS by 9c
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Synchrony Reports Second Quarter Net Earnings of $48 Million or $0.06 Per Diluted Share
July 21, 2020 6:30 AM EDTSTAMFORD, Conn., July 21, 2020 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced second quarter 2020 earnings results amid the continuing Coronavirus (COVID-19) pandemic. Synchrony reported second quarter 2020 net earnings of $48 million, or $0.06 per diluted share; this includes an increase in the provision for credit losses as a result of CECL implementation earlier this year of $483 million, or $365 million after tax, which equates to an EPS reduction of $0.63. Highlights included*:
