Synchrony Reports First Quarter Net Earnings of $1.0 Billion or $1.73 Per Diluted Share
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Synchrony Financial (SYF) Tops Q1 EPS by 35c
April 27, 2021 6:33 AM EDTSynchrony Financial (NYSE: SYF) reported Q1 EPS of $1.73, $0.35 better than the analyst estimate of $1.38. Revenue for the quarter came in at $3.74 billion versus the consensus estimate of $3.62 billion.
Key Highlights*:
Loan receivables decreased 7% to $76.9 billionInterest and fees on loans decreased 14% to $3.7 billionPurchase volume increased 8% to $34.7 billionAverage active accounts decreased 8% to 66.3 millionDeposits decreased $1.9 billion, or 3%, to $62.7 billionRenewed 10 programs... More