Synchrony Financial is a leading consumer financial services company that's been around since 1981.
Synchrony Financial is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol SYF.
The company offers a wide range of financial products and services, including credit cards, retail financing, and loyalty programs.
Synchrony Financial has a strong presence in the US, with over 70 million active accounts and a network of over 370,000 merchants.
About Synchrony Financial
Synchrony Financial was founded in 1932, a significant milestone in the company's history.
The company operates as a consumer financial services company in the United States, providing a wide range of credit products and services.
Synchrony Financial has a large workforce, employing around 20,000 people.
You can visit the company's website at www.synchrony.com to learn more about their services and products.
Their CEO, Brian Doubles, leads the company and oversees its operations.
About the Company
Synchrony Financial has a rich history, founded all the way back in 1932.
The company has grown significantly over the years, employing a workforce of 20,000 people.
Brian Doubles serves as the CEO of Synchrony Financial, leading the company's vision and strategy.
You can visit the company's website at www.synchrony.com for more information.
Synchrony Financial operates as a consumer financial services company in the United States, providing a wide range of credit products and services.
Cross-Functional Experience
At Synchrony Financial, a key aspect of leadership is having broad knowledge about the business. This is exactly what Cross-Functional Experience provides.
A critical skillset of a leader is broad knowledge about the business. In BLP, Cross-Functional Experience gives you insight into the other functional areas beyond your Track, helping you understand how you are connected to the rest of the business.
Having cross-functional experience allows you to see how different parts of the business work together, making you a more well-rounded leader.
Investing in Syf Stock
Synchrony Financial, also known as SYF stock, operates as a consumer financial services company in the United States.
SYF is a well-established company with a strong financial health, scoring 5 out of 6 in the fundamental analysis.
The company's valuation is also relatively high, scoring 5 out of 6, suggesting that investors may be willing to pay a premium for its stock.
However, SYF's future growth prospects are a concern, scoring only 1 out of 6 in the fundamental analysis.
Despite this, SYF has been a strong performer in the past, with a past performance score of 4 out of 6.
In the short term, SYF's shareholder returns have been impressive, with a 7-day return of 1.3% compared to the US Consumer Finance industry's 0.3% return.
Over the past year, SYF's return has been even more impressive, with a 72.0% return, exceeding the US Consumer Finance industry's 48.3% return and the US Market's 25.8% return.
Here's a comparison of SYF's return with the US Consumer Finance industry and the US Market over the past year:
Overall, SYF's strong past performance and impressive shareholder returns make it an attractive investment option for those looking to invest in the consumer financial services sector.
Benefits and Rewards
Synchrony Financial is a great investment opportunity, and one of the key reasons is the rewards it offers. Trading at 41.6% below its estimated fair value, Synchrony Financial presents a significant undervaluation.
Revenue growth is another exciting aspect of this company. With a forecast of 12.44% per year, you can expect Synchrony Financial to continue expanding its revenue streams.
Earnings growth has been impressive, with a 32.9% increase over the past year. This demonstrates the company's ability to consistently deliver strong financial results.
Trading at good value compared to its peers and industry, Synchrony Financial stands out as a solid investment choice.
Financial Products
Synchrony Bank offers a range of financial products, including credit cards and healthcare financing.
You can use their credit cards to make purchases at various retailers, such as Ashley HomeStore, Lowe's, and Verizon.
Some of the retailers that Synchrony Bank partners with to offer credit cards include:
- Ashley HomeStore
- Chevron
- Guitar Center
- LensCrafters
- Lowe’s
- NAPA Auto Parts
- Sam’s Club
- Sunglass Hut
- The Container Store
- Verizon
CareCredit, a product offered by Synchrony Bank, provides financing for dental, LASIK, and vision expenses, as well as veterinary and other specialty services.
Externship
If you're interested in learning more about financial products, an externship is a great way to get hands-on experience. A 4-day immersive experience is what you can expect.
You'll get an engaging introduction to the company's unique culture, business, and values. This will give you a solid understanding of what it's like to work with them.
The externship is a great opportunity to learn from experienced professionals and gain valuable insights into the industry.
Credit Cards
Synchrony Bank offers a wide range of credit card options from various retailers across the country.
You can use these credit cards to make purchases and earn rewards, but be sure to pay off your balance in full each month to avoid interest charges.
Synchrony Bank partners with many well-known retailers to offer these credit cards, including Ashley HomeStore, Chevron, and Guitar Center.
Some of these retailers offer exclusive rewards and discounts to their credit card holders, so it's worth shopping around to find the best deal for you.
Here are some of the retailers that Synchrony Bank partners with to offer credit cards:
- Ashley HomeStore
- Chevron
- Guitar Center
- LensCrafters
- Lowe’s
- NAPA Auto Parts
- Sam’s Club
- Sunglass Hut
- The Container Store
- Verizon
Banking and Services
Synchrony Bank offers a range of banking products, including savings accounts, money market accounts, CDs, and credit cards. You can open a deposit account online or apply for a credit card online or in-store.
Synchrony Bank has a simple online application process that can be completed in a few minutes. You can also deposit money into your account electronically or by mail, or make a mobile deposit through the Synchrony Bank app.
The Synchrony Bank app is available for both iOS and Android devices, making it easy to manage your account on the go. You can use your debit card at ATMs and for debit card transactions, and withdraw money at Accel Network ATM locations with no fees.
Synchrony Bank partners with hundreds of retailers to offer co-branded credit cards, which can only be used at specific retailers and are not all-purpose cards. Each credit card has its own promotions, such as welcome bonuses, which can be found on the Special Offers page.
To reach top-level Diamond status in the Synchrony Bank Perks Rewards program, you must have deposits exceeding $250,000 or bank with Synchrony Bank for five years. Members with Diamond status enjoy unlimited domestic ATM reimbursements and three free wire transfers per statement cycle.
Here are the banking products offered by Synchrony Bank:
- Savings Account
- Money Market Account
- CDs
- Credit Cards
Frequently Asked Questions
What is Synchrony Financial on my credit report?
Synchrony Financial appears on credit reports as a credit card issuer, indicating a credit account with one of its partner companies. If you see Synchrony Financial on your report, it may be related to a credit card account you've had or currently have.
Who uses Synchrony Financial?
Synchrony Financial is used by various retailers, including Rooms To Go, Sam's Club, and JCPenney, among others. These retailers partner with Synchrony Financial to offer financing options to their customers.
Sources
- https://www.synchronyuniversity.com/programs/
- https://simplywall.st/stocks/us/diversified-financials/nyse-syf/synchrony-financial
- https://www.fool.com/investing/general/2016/04/05/the-5-minute-guide-to-synchrony-financial.aspx
- https://www.investopedia.com/synchrony-bank-review-4846433
- https://www.foxbusiness.com/markets/synchrony-financials-earnings-rise-on-higher-spending-and-customer-balances
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