Synchrony Financial Stock Price, News & Analysis

Synchrony's (SYF) 2025 Pet Lifetime of Care Study reveals significant increases in pet care costs, with 80% of owners underestimating lifetime expenses. Dog care costs over 15 years have risen 11.65% to $22,125-$60,602, while cat care costs surged 19.4% to $20,073-$47,106. The study, which newly includes small companion animals, shows their 6-year care costs range from $7,600-$14,938. Financial concerns are growing, with nearly 50% of pet owners worried about unexpected veterinary bills, up from 33% in 2022. While 60% of owners view pets as family, only 20% have dedicated savings or insurance for pet emergencies. The study, conducted by Synchrony's CareCredit, surveyed 4,861 pet owners and highlights increasing adoption of pet insurance, wellness plans, and tech investments in pet care.

Synchrony (NYSE: SYF) and Jewelers Mutual have announced a strategic sponsorship agreement to co-market financing and insurance services to jewelry merchants. Through this collaboration, Synchrony's financing solutions will be featured in Jewelers Mutual's marketing materials and Zing Marketplace, while Jewelers Mutual's insurance offerings will be showcased on Synchrony Marketplace. The partnership aims to provide jewelry retailers with integrated solutions for customer financing and jewelry protection. Synchrony currently serves over 4,000 jewelry retailers nationwide, while Jewelers Mutual's insurance services are utilized by more than one million customers across the US and Canada. This integration will enable jewelry merchants to offer customers both financing options for affordability and insurance coverage for protecting their valuable purchases.

Synchrony (NYSE: SYF) and Discount Tire have extended their 25+ year partnership, continuing to provide flexible financing options for tire purchases and automotive needs. The Discount Tire credit card can be used at over 1,200 retail stores across 39 states and at more than 1 million locations within the Synchrony Car Care network. The card offers benefits including deferred interest promotions, no annual fee, and zero-dollar fraud liability. Notably, Discount Tire is Synchrony's only auto retailer whose credit card integrates with Apple Wallet for Apple Pay purchases. With average tire replacements costing hundreds to thousands of dollars and lasting about 6 years or 50,000 miles according to J.D. Power, this partnership aims to make vehicle maintenance more affordable and accessible through various financing solutions.

Synchrony (NYSE: SYF) has announced a strategic partnership with the Independent Animal Hospital Association (IAHA) to become their preferred financing partner. Through this collaboration, Synchrony's CareCredit health and wellness credit card will be available at over 500 IAHA independent animal hospitals across 30+ states.

The partnership aims to provide flexible financing solutions for pet owners while supporting independent veterinary practices. CareCredit offers both short and long-term financing options, allowing pet owners to better budget for their animal's care. The service is currently accepted at more than 27,000 veterinary practices and all U.S. public university veterinary schools. Pet owners can easily prequalify without impacting their credit score and receive instant decisions on their applications.

Synchrony (NYSE: SYF) announced that its CareCredit health and wellness credit card has achieved full coverage across all 29 public veterinary university hospitals in the United States with the addition of Texas A&M University Veterinary Medical Teaching Hospital. CareCredit now serves as the preferred financing partner at Texas A&M, which operates one of the largest veterinary referral networks in the country.

The partnership enables pet owners to access various financing options, including short and long-term plans, with instant prequalification available. CareCredit is currently accepted at over 26,000 veterinary practices nationwide and has been providing financing solutions for veterinary services for more than 35 years. The credit card is recommended by the American Animal Hospital Association and is a Preferred Partner for the American Veterinary Medical Association.

Synchrony (NYSE: SYF) and Belle Tire have announced a multi-year partnership to launch a new private label credit card program. The collaboration, facilitated through Belle Tire's integrated payment provider 1stMILE, will offer flexible financing options across Belle Tire's nearly 200 Midwest locations.

The new credit card, part of the Synchrony Car Care™ network, provides promotional financing including six months for purchases of $199+ and twelve months for purchases of $1,000+. Cardholders can use the card at Belle Tire locations and over one million gas stations, auto parts retailers, and service locations nationwide.

Customers can apply through multiple channels including in-store pin pads, QR codes, text-to-apply options, and BelleTire.com. The partnership aims to make automotive expenses more manageable while expanding payment accessibility for Belle Tire's automotive customers.

Synchrony Financial (NYSE: SYF) has announced its first quarter 2025 results and several key shareholder returns initiatives. The company's Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock, representing a 20% increase from the previous dividend. The dividend will be paid on May 15, 2025, to stockholders of record as of May 5, 2025.

Additionally, the Board approved a new $2.5 billion share repurchase program starting in Q2 2025 through June 30, 2026, following the completion of its previous buyback program. The company also declared quarterly dividends for its Series A and Series B Preferred Stock, with payments of approximately $14.06 and $20.63 per share respectively.

Synchrony (NYSE: SYF) has announced a multi-year extension of its partnership with American Eagle Outfitters (NYSE: AEO) to continue managing their credit programs. The nearly three-decade partnership focuses on providing the Real Rewards credit card program for American Eagle and Aerie customers.

The partnership features both store-specific Real Rewards credit cards for use at American Eagle and Aerie locations, as well as Real Rewards Visa credit cards accepted wherever Visa is accepted. The program offers rewards and special discounts to AEO customers, and has been recognized as one of America's Best Loyalty Programs by Newsweek for five consecutive years. Additionally, the Real Rewards Credit Card was named Money's Best Retail Credit Card: In-Store Rewards for 2025.

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.