Synchrony Financial Reports Record Q1 Purchase Volume and Strong Earnings
Synchrony Financial reported record Q1 purchase volume of $43 billion, up 6% YoY, with co-branded cards contributing 51% of the volume and rising 20% YoY. The company earned $805 million in net earnings (EPS $2.27) and announced a $6.5 billion open-ended share repurchase program, while guiding to full-year EPS of $9.10–$9.50.
Tickers: $SYF
Topics: AI initiatives CareCredit expansion earnings loan receivables purchase volume share repurchase