Synchrony Financial Stock Price, News & Analysis

According to a recent study by CWH Advisors sponsored by CareCredit, a Synchrony (NYSE:SYF) solution, 61% of healthcare providers are considering outsourcing their revenue cycle management (RCM) due to ongoing staffing shortages and challenging margins. The PatientPay 2022 study revealed that 63% of providers face staffing issues in revenue cycle departments, leading to unpredictable revenue streams. Only 42% are satisfied with current patient payment solutions, prompting a shift towards improved patient experiences and payment capabilities. Additionally, 68% prioritize customer service when selecting external payment solutions, and 59% believe patient financial literacy is inadequate. Synchrony aims to assist healthcare providers in enhancing cash flow and patient experience through modern financial solutions.

Synchrony (NYSE: SYF) will report its first quarter 2023 financial results on April 19, 2023. The earnings release will be available on their Investor Relations website at approximately 6:00 a.m. Eastern Time. Following the release, a conference call to discuss the results is scheduled for 8:00 a.m. Eastern Time on the same day. This event highlights Synchrony's commitment to transparency and keeping investors informed regarding their financial performance.

Synchrony (NYSE: SYF) published its Future of Shopping study, revealing that over 80% of consumers expect hyper-curated in-store experiences by 2030. The survey, which included 1,000 U.S. shoppers, indicates a growing desire for personalized shopping experiences that reduce choice overload. Key findings show that 67% of shoppers believe joint offers from multiple brands would enhance their experience, while 81% expect increased hyper-personalization. Retailers are urged to adopt experience-driven strategies and integrate technology to meet these evolving customer expectations, enhancing loyalty and sales.

Synchrony (NYSE: SYF) has launched a new Synchrony Outdoors Credit Card to enhance financing options for over 5,000 powersports dealers in the U.S. This initiative supports a growing market projected to exceed $131B by 2028. The card enables customers to finance purchases of aftermarket parts and accessories, which are crucial for a safe riding experience. Promotional features include six months of financing for purchases over $199, no annual fee, and digital account management. This move aims to increase customer loyalty and drive sales within the powersports industry.

The Academy of General Dentistry (AGD) has extended its exclusive agreement with Synchrony (NYSE: SYF) for another 20 years, making CareCredit the sole patient financing solution in AGD's benefits program. This partnership aims to provide AGD's 35,000 members with enhanced financing options, digital payment features, and educational resources. CareCredit is accepted by 80% of dental practices, allowing patients to prequalify without impacting their credit scores. Synchrony's longstanding relationship with AGD, lasting over 23 years, emphasizes its commitment to supporting dental practices and improving patient access to care.

Synchrony (NYSE: SYF) will participate in the KBW Fintech Payments Conference on February 28, 2023, at 8:00 a.m. (Eastern Time). President and CEO Brian D. Doubles and CFO Brian J. Wenzel will be featured in a fireside chat. A live webcast of the event will be accessible on Synchrony's Investor Relations website. Synchrony is a leading consumer financial services company, offering digitally-enabled products across various industries, including retail and healthcare. For more information, visit www.synchrony.com.

Synchrony (NYSE: SYF) announces that CFO Brian J. Wenzel will participate in a fireside chat during the Credit Suisse 24th Annual Financial Services Forum on February 14, 2023, at 4:05 p.m. ET. A live webcast and replay of the event will be available on the Synchrony Investor Relations website at www.investors.synchronyfinancial.com. Synchrony is recognized for its comprehensive digital financial services tailored to various industries.

Synchrony (NYSE: SYF) announced a commitment of $100 million to Ariel Alternatives' Project Black, designed to support and scale minority-owned businesses. This initiative aligns with Synchrony's ongoing efforts to enhance equity among diverse enterprises. Project Black will convert middle-market companies into certified minority business enterprises (MBEs) and aims to boost supplier diversity for Fortune 500 firms. The investment reflects Synchrony's dedication to fostering inclusivity and driving economic growth for underserved communities.