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 consumer financing and consumer financial services company that regularly issues news about its credit programs, partnerships, capital actions and financial performance. This news page aggregates updates that reflect how Synchrony’s financing products and banking offerings are used across sectors such as retail, digital commerce, home, auto, health, wellness, travel and pet care.
Company announcements often highlight developments in CareCredit, Synchrony’s health and wellness credit card. Recent news includes the expansion of CareCredit’s integration with Clover devices from Fiserv, enabling health and wellness providers using Clover to accept CareCredit payments and process applications at the point of sale. Synchrony also reports on its extended partnership with the American Med Spa Association, under which CareCredit remains the exclusive financing solution for AmSpa members, with preferred merchant rates for qualifying transactions.
Beyond health and wellness, Synchrony issues releases on partnerships in home and equipment financing, such as its renewed residential consumer financing relationship with Mitsubishi Electric Trane HVAC US LLC (METUS) and the launch of The Toro Company credit card program for Toro, Exmark, Spartan and Z Turf Equipment dealers. These updates describe how Synchrony’s customizable, promotional financing options and digital application tools support contractors, dealers and their customers.
Investors and analysts can also find news about Synchrony’s quarterly earnings announcements, conference participation, dividends and share repurchase authorizations. The company uses press releases to announce earnings release dates, report results, describe changes to capital return plans and provide context on its role as a consumer financing company at the heart of American commerce and opportunity. This page offers a centralized view of these developments for users tracking SYF-related news.
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.
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.