Synchrony Financial Stock Price, News & Analysis

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.

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.