Synchrony Financial (SYF)
49.19 USD +1.86 (+3.93%) Volume: 3.52M
Synchrony Financial’s stock price soars to $49.19, marking a significant trading session increase of +3.93% and an impressive YTD rise of +28.80%, fueled by a robust trading volume of 3.52M. Discover the factors driving SYF’s strong market performance.
Latest developments on Synchrony Financial
Synchrony Financial has been making waves in the stock market recently, with key events leading up to today’s stock price movements. The company appointed Daniel Colao to its board of directors, a move that has been well received by investors. Additionally, Synchrony’s credit card delinquency rate remained stable while charge-offs decreased in August, showing the company’s resilience in the face of economic challenges. Despite recent downgrades by BTIG Research, Synchrony Financial still appears to be a solid value play according to analysts. With positive developments and strategic decisions, Synchrony Financial continues to attract attention from both investors and industry experts.
A look at Synchrony Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Synchrony Financial has a positive long-term outlook. The company received high scores in resilience and growth, indicating that it is well-positioned to weather economic challenges and continue expanding its business. Additionally, its value and dividend scores suggest that Synchrony Financial offers good investment opportunities for shareholders looking for stable returns.
Synchrony Financial operates as a consumer financial services company, offering a variety of credit products through partnerships with various retailers and service providers. With solid scores in key areas like resilience and growth, the company appears to be on a path towards continued success in the financial services industry. Investors may want to keep an eye on Synchrony Financial as it navigates market fluctuations and capitalizes on opportunities for expansion.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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