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 (NYSE: SYF) and Ashley, North America's largest furniture store brand, have renewed their strategic consumer financing partnership that began in 2010. The extension maintains Synchrony as the exclusive financing provider for Ashley's customers through the Ashley Advantage™ Credit Card.
The partnership serves over 750 independent Ashley licensee locations, offering various financing options including deferred interest, equal pay/no interest, and reduced interest plans with terms from 6 to 72 months. Key benefits include advanced data analytics for growth, ongoing technology investments for seamless credit applications, and flexible credit solutions.
The renewal strengthens both companies' commitment to making home furnishing more accessible and affordable while supporting Ashley's network through innovative financing solutions and data-driven marketing initiatives to improve credit approvals and enhance customer loyalty.
Synchrony (NYSE: SYF) has announced a strategic integration with Adobe Commerce to enhance merchant financing options. The integration enables thousands of merchants using Adobe Commerce platforms to offer Synchrony credit cards with extended term promotions and Pay Later installment financing at online checkout.
The collaboration aims to provide small and medium-sized businesses with flexible payment solutions to help build customer relationships and drive business growth. According to Adobe's Sr. Director of Content & Commerce Partners, flexible financing options have demonstrated positive impacts on average order size and customer retention.
Synchrony (NYSE: SYF) has announced a $25,000 donation to Women in Auto Care, a community of the Auto Care Association. The donation, made as part of Synchrony's Education as an Equalizer program, aims to support women in the automotive aftermarket industry through professional development and essential tools funding.
The contribution will fund several key initiatives including:
- Professional development scholarships
- Essential industry tools acquisition
- Educational programs and training
Women in Auto Care, now in its 20th year, has a history of distributing awards including cash scholarships and toolkits to aspiring automotive professionals. The organization focuses on engaging, educating, and empowering women within the auto care industry.
Synchrony (NYSE: SYF) has been recognized as the No. 2 Best Company to Work For in the U.S. by Fortune magazine and Great Place to Work®. The company achieved an exceptional 94% employee satisfaction rate, significantly surpassing the typical U.S. company average of 57%.
The recognition highlights Synchrony's people-centric culture, with 93% of employees praising the company's workplace flexibility and 92% acknowledging constructive manager feedback. Key initiatives include:
- A flexible hybrid work model for all employees
- Enhanced coaching and leadership programs
- Comprehensive career development opportunities including STEP program and tech apprenticeships
- Extensive wellness benefits including 22 weeks paid maternity leave, 12 weeks parental leave, and backup childcare
Synchrony (NYSE: SYF) has scheduled the release of its first quarter 2025 financial results for Tuesday, April 22, 2025. The company will publish its earnings release and presentation materials on its investor relations website at approximately 6:00 a.m. Eastern Time.
A conference call discussing the quarterly results will be held at 8:00 a.m. Eastern Time on the same day. Investors can access both the live audio webcast and replay through the Events and Presentations section of Synchrony's investor relations website at www.investors.synchrony.com.
Synchrony (NYSE: SYF) has announced its participation in the upcoming UBS Financial Services Conference. The company's Chief Financial Officer, Brian J. Wenzel, will engage in a fireside chat scheduled for Monday, February 10, 2025, at 9:40 a.m. Eastern Time.
For interested stakeholders, both a live webcast and replay of the discussion will be accessible through Synchrony's Investor Relations website at www.investors.synchrony.com.
Synchrony Financial (NYSE: SYF) announced its fourth quarter 2024 financial results for the period ending December 31, 2024. The company has made the earnings release and presentation available on their investor relations website. Brian Doubles, President and CEO, and Brian Wenzel Sr., EVP and CFO, will host a conference call at 8 a.m. ET to discuss the results and business outlook. The call will be accessible via audio webcast through the investor relations website, with a replay available afterward.
Synchrony has announced a multi-year extension of its 30-year strategic credit card partnership with Sam's Club. The company will continue as the exclusive issuer of consumer, business, and commercial credit cards for Sam's Club across its 600 locations in the U.S. and Puerto Rico, including online and mobile platforms.
The partnership focuses on enhancing shopping and credit experiences through key features including: integration with Sam's Club's Scan & Go™ technology for seamless checkout, digital-first solutions through Synchrony's SyPI and dApply technology, and the Sam's Cash™ rewards program. The Sam's Club Mastercard® offers 5% back on fuel (up to $6,000 annually), 3% on dining, and 1% on other purchases. Plus members can earn up to 5% total rewards on eligible Sam's Club purchases.
KnitWell Group has partnered with Synchrony (NYSE: SYF) and Mastercard to provide enhanced payment options for customers of Chico's, WHBM, and Soma brands. The multi-year partnership will introduce both private label credit cards and dual-branded Mastercard options for each brand, launching in September 2025.
The dual-branded cards will enable customers to earn rewards not only at KnitWell's fashion brands but anywhere Mastercard is accepted. The partnership aims to drive customer experiences, loyalty, repeat purchases, and overall sales through Synchrony's advanced analytics capability, flexible financing options, and omnichannel application experience.
Synchrony Financial (NYSE: SYF) has announced its latest dividend declarations. The company's Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock, payable on February 18, 2025, to shareholders of record as of February 3, 2025.
Additionally, the Board declared quarterly cash dividends for two preferred stock series: The Series A Preferred Stock will pay approximately $14.06 per share ($0.351563 per depositary share), and the Series B Preferred Stock will pay approximately $20.63 per share ($0.515625 per depositary share). Both preferred stock dividends share the same payment and record dates as the common stock dividend.
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