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) has announced its quarterly dividend payments. The company will pay a cash dividend of $0.25 per share of common stock on November 15, 2024, to shareholders of record as of November 4, 2024. Additionally, the company declared dividends for its preferred stock: Series A at $14.06 per share ($0.351563 per depositary share) and Series B at $20.63 per share ($0.515625 per depositary share), both payable on the same dates as the common stock dividend.
Synchrony (NYSE: SYF) announced a $100,000 donation from its Foundation to Women in HVACR (WHVACR) to fund scholarships for women pursuing careers in the heating, ventilation, air conditioning, and refrigeration industry. The donation will be distributed as $50,000 in 2024 and $50,000 in 2025. This initiative is part of Synchrony's Education as an Equalizer program, aimed at expanding access to education and supporting diversity in trade industries. In 2023, Synchrony and its Foundation donated over $19 million to more than 400 charitable organizations, while employees contributed over 19,200 volunteer hours.
Synchrony Financial (NYSE: SYF) has released its third quarter 2024 results for the period ending September 30, 2024. The company has made the earnings news release and presentation available on its investor relations website. Brian Doubles, President and CEO, and Brian Wenzel Sr., Executive VP and CFO, will host a conference call at 8 a.m. ET to discuss the financial results and provide an outlook for certain business drivers. Investors can access the audio webcast of the conference call through the company's investor relations website, where a replay will also be available later.
Synchrony (NYSE: SYF) has launched a groundbreaking payment experience for pet parents, connecting CareCredit and Pets Best pet insurance. This innovation directly reimburses insurance claims to the CareCredit health and wellness credit card, streamlining the payment process for pet care. The new technology is set to scale to additional Independence Pet Holdings, Inc. (IPH) insurers in the coming months.
Key features of this innovation include:
- Simplified reimbursement process for pet healthcare expenses
- Automatic reimbursement credit for eligible expenses to CareCredit card
- Collaboration with IPH to expand the solution to more pet insurance brands
This advancement aims to address the financial challenges pet parents face with rising care costs and provide a complete financial safety net for veterinary care.
Synchrony (NYSE: SYF) has announced that its CareCredit health and wellness credit card has been chosen as the preferred financing solution for PSIvet, a group purchasing organization supporting over 5,500 independent veterinary practices nationwide. This partnership aims to provide veterinary practitioners with tools to offer high-quality care and give pet parents convenient financing options.
CareCredit will be integrated into PSIvet's personalized business-enhancing solutions for member practices. The partnership is expected to help streamline financial workflows, reduce accounts receivable, and improve cash flow for veterinary practices. For pet owners, CareCredit offers financing options for various veterinary services, with the ability to prequalify instantly without impacting their credit score.
Synchrony (NYSE: SYF) and DICK'S Sporting Goods (NYSE: DKS) have announced a multi-year extension of their strategic partnership. This extension aims to enhance athlete services and experiences through the DICK'S Sporting Goods ScoreRewards Credit Card program. The partnership will focus on:
- Driving athlete loyalty
- Enhanced technology capabilities
- Expanded data and analytics
- Superior in-store athlete experience
The ScoreRewards Credit Card Program will continue to offer benefits such as earning rewards 2X faster, exclusive member-only offers, and digital account management. These cards can be used online and across DICK'S Sporting Goods' 800+ retail locations, including House of Sport, Golf Galaxy, and Public Lands.
Synchrony (NYSE: SYF) has announced that it will release its third quarter 2024 financial results on Wednesday, October 16, 2024. The company plans to publish its earnings release and presentation materials on the Investor Relations section of its website at approximately 6:00 a.m. Eastern Time. Following the release, Synchrony will host a conference call at 8:00 a.m. Eastern Time to discuss the results. Investors and interested parties can access the live audio webcast and replay of the call through the company's website under the Events and Presentations section.
Synchrony (NYSE: SYF) and Albertsons Companies have announced a groundbreaking collaboration, marking CareCredit's first major grocery store chain partnership. The CareCredit health and wellness credit card will now be accepted at nearly 2,200 Albertsons Cos. stores, including Albertsons, Safeway, Vons, ACME, Shaw's, and Jewel-Osco.
Cardholders can use CareCredit for select health and wellness items, including pharmacy prescriptions, over-the-counter health products, personal care items, beauty and hair care, pet supplies, and baby essentials. This expansion aims to provide consumers with more flexible payment options for their health and wellness needs beyond traditional healthcare settings.
The partnership aligns with Synchrony's commitment to making health and wellness products and services more accessible to consumers, following their June 2023 expansion into preventative care and holistic wellness services.
Synchrony Financial (NYSE: SYF) has appointed Daniel Colao to its Board of Directors, effective October 1, 2024. Colao, a retired financial services executive with over 30 years of industry experience, previously served on Synchrony's Board from February 2014 to November 2015. He most recently served as the Chief Financial Officer and Executive Advisor of GE Capital from 2017 until his retirement in June 2021.
In his role at GE Capital, Colao was instrumental in the strategic repositioning of the company, including executing transactions to improve capital allocation and strengthening reserves, governance, and controls. With Colao's appointment, Synchrony's Board will now consist of eleven members. The company expects to benefit from Colao's extensive expertise in financial services and consumer lending as it navigates the current economic environment and regulatory landscape.
Synchrony (NYSE: SYF) has announced its participation in the Barclays Global Financial Services Conference. The company's Chief Financial Officer, Brian J. Wenzel, will engage in a fireside chat on Monday, September 9, 2024, at 9:00 a.m. Eastern Time. This event presents an opportunity for investors and analysts to gain insights into Synchrony's financial strategies and market position.
Interested parties can access a live webcast of the discussion through Synchrony's Investor Relations website. For those unable to attend in real-time, a replay of the session will also be made available on the same platform. This participation underscores Synchrony's commitment to transparency and engagement with the financial community.
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