Welcome to our dedicated page for Synchrony Financial news (Ticker: SYF), a resource for investors and traders seeking the latest updates and insights on Synchrony Financial stock.
Synchrony Financial (NYSE: SYF) is a leading consumer financial services provider specializing in private-label credit cards, digital financing solutions, and healthcare credit products. This news hub offers investors and industry professionals centralized access to official updates and market analysis for informed decision-making.
Track SYF's latest developments including earnings reports, strategic partnerships, product innovations, and regulatory updates. Our curated collection features press releases about retail card programs, CareCredit healthcare financing expansions, and payment technology advancements across SYF's partner network.
Key updates cover three primary areas: financial performance (quarterly results, investor communications), operational developments (new merchant partnerships, digital platform enhancements), and industry leadership (consumer credit trends, regulatory compliance initiatives). Bookmark this page for real-time access to SYF's evolving position in consumer finance markets.
Synchrony Financial (NYSE: SYF) announced a quarterly cash dividend of $0.23 per share of common stock. This dividend will be payable on February 17, 2023, to shareholders who are on record as of February 6, 2023. Additionally, the Board declared a dividend on the 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, amounting to approximately $14.06 per share, payable on February 16, 2023, also to holders of record at the close of business on February 6, 2023. These announcements reflect the company's commitment to returning income to shareholders.
Synchrony (NYSE: SYF) and Rooms To Go have renewed their strategic financing partnership, enhancing the shopping experience for consumers. This multi-year agreement enables Rooms To Go cardholders to access industry-leading digital account management features, special financing options, and private discounts. The partnership has driven repeat sales growth for Rooms To Go, with a focus on simplifying financing applications. Synchrony aims to leverage insights and new payment solutions to enhance customer satisfaction.
Synchrony Financial (NYSE: SYF) announced its fourth-quarter 2022 results on January 23, 2023, revealing key financial metrics for the period ending December 31, 2022. The earnings report and supplementary materials are accessible on their investor relations website. CEO Brian Doubles and CFO Brian Wenzel Sr will discuss the results and outlook in an audio webcast available online. Synchrony provides a comprehensive suite of digitally-enabled consumer financial services across various industries, emphasizing their partnerships with retailers and service providers to deliver tailored financing solutions. For more details, visit their official website.
Synchrony (NYSE: SYF) has announced a renewed partnership with Bassett Furniture (NASDAQ: BSET) to launch a multi-year financing program. This initiative enables consumers to access promotional financing at Bassett's 92 stores. The program leverages Synchrony's advanced data analytics and technology, enhancing the financing application process and customer experience. As part of the HOME Network™, Bassett will have access to exclusive marketing channels, aiding in customer engagement. This collaboration aims to drive loyalty, growth, and streamline the purchasing path for consumers.
Synchrony (NYSE: SYF) is set to report its fourth quarter 2022 financial results on January 23, 2023. The earnings release and related materials will be available on the company's Investor Relations webpage at approximately 6:00 a.m. Eastern Time. Additionally, a conference call to discuss these results will occur at 8:00 a.m. Eastern Time on the same day, with access through the same website.
The Pets Best Pet Parenthood Today study reveals significant insights from over 1,400 pet owners on how pet ownership impacts emotional well-being and financial considerations. Key findings show that 83% of pet parents report increased happiness, and those with pet health insurance spend more quality time with their pets. Additionally, 57% prefer employers valuing pet ownership. Younger generations express anxiety regarding pet care costs, yet show openness to pet health insurance as a viable solution. Pets Best continues to provide comprehensive pet insurance solutions for peace of mind.
On December 15, 2022, Synchrony (NYSE: SYF) announced that Margaret Keane will retire as Executive Chair of the Board effective April 3, 2023. She has led the company since 2015 and served as Executive Chair since April 2021. Jeffrey Naylor, a board member since 2014 and Lead Independent Director since 2021, will succeed her. This leadership transition is part of Synchrony's succession planning, ensuring continuity. CEO Brian Doubles praised Keane's contributions and expressed confidence in Naylor's leadership as the company focuses on growth and customer experience.
Synchrony (NYSE: SYF) announced that its President and CEO, Brian D. Doubles, along with CFO Brian J. Wenzel, will engage in a fireside chat at the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 8:00 a.m. (Eastern Time). The event will be accessible through a live webcast on the Synchrony Investor Relations website, allowing for a replay afterward. Synchrony is a leading consumer financial services provider, offering diverse financing solutions across various industries.
Dutch has collaborated with Synchrony (NYSE: SYF) to offer Pets Best insurance, providing up to
This insurance aims to make veterinary care more accessible, as only 3% of pets in the US are currently insured. The partnership enables a comprehensive care solution to meet rising demand, particularly through virtual veterinary services that connect licensed vets directly to pet owners.
The plan is available exclusively through the Dutch website, streamlining the process for pet parents.
Medofficedirect, a subsidiary of HealthLynked Corp. (OTC: HLYK), has partnered with Synchrony (NYSE: SYF) to offer the CareCredit credit card, allowing customers to finance their purchases of discounted home medical equipment and supplies. This partnership enables Medofficedirect to provide flexible financing options, enhancing accessibility for individual and medical practice customers. With the online medical supplies market growing at 14.9% annually, this move positions Medofficedirect favorably in a $17.9 billion industry.
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