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 (NYSE: SYF) has announced that eligible Synchrony Mastercard holders can now access the Pay Later feature when using Apple Pay for online and in-app purchases on iPhone and iPad. Customers with Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard can choose between standard credit card terms or promotional offers with fixed monthly payments.
To utilize this feature, customers need to add their Synchrony Mastercard to Apple Wallet. When checking out with Apple Pay, eligible users can select their card and tap Pay Later to view promotional offers. The company plans to expand this payment flexibility across its co-branded card portfolio. Additionally, Synchrony will introduce the ability to view and redeem rewards from eligible Synchrony-issued cards when using Apple Pay later this year.
Synchrony (NYSE: SYF) and Pet Paradise announced a partnership to expand CareCredit acceptance to all 60 Pet Paradise locations nationwide by year-end. The health and wellness credit card will cover services from dog training to extended boarding stays and day camp packages.
The partnership builds on Synchrony's existing relationship with NewDay Veterinary Care, which operates within select Pet Paradise resorts. CareCredit is currently accepted at over 25,000 veterinary clinics nationwide. The collaboration aims to provide pet parents with flexible financing options in the U.S. pet boarding market, estimated at $20 billion annually.
Pet owners can prequalify for CareCredit without impacting their credit score and receive instant decisions. The card offers various financing options based on purchase amounts, with an online calculator for estimating monthly payments.
Synchrony (NYSE: SYF) has announced it will release its fourth quarter 2024 financial results on Tuesday, January 28, 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 to discuss the results is scheduled for 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.
Synchrony (NYSE: SYF) has announced the extension of its partnership with Chevron U.S.A. for the Techron Advantage Credit Card program. This renewal coincides with the 100th anniversary of Chevron's first consumer credit card, introduced in 1924. The partnership, spanning 17 years, combines Synchrony's consumer financing expertise with Chevron's innovation-focused approach.
The Techron Advantage Credit Card program features digital application options, access to the Synchrony Car Care™ network with over a million locations, 6-month promotional financing on purchases of $199+, and fuel credits of three cents per gallon, with Techron Advantage Visa® cardholders eligible for up to additional 10 cents per gallon off. The program will see a new value proposition rollout in 2025 to complement Chevron Texaco Rewards program.
Synchrony (NYSE: SYF) hosted its 'Season of Caring' celebration at its Stamford headquarters, where over 200 employees partnered with nine local charities. The initiative resulted in donations including 300 bags of winter clothing, 50 bikes and helmets, 2,000 backpacks with school supplies, and 250 student holiday gift bags.
The company's executives participated in an Ice Bucket Challenge, raising $25,000 for charities. Through a 'Friendsgiving' campaign, Synchrony matched food donations with the goal of providing 1 million meals. Since 2014, Synchrony has donated over $70 million to nonprofits, while employees have contributed 120,000 volunteer hours and approximately $25 million in matched contributions through 2023.
Synchrony (NYSE: SYF) and Daybreak have partnered to offer flexible financing for sleep testing kits and sleep apnea devices through CareCredit health and wellness credit card. The three-year partnership, running through March 31, 2027, aims to make sleep health solutions more accessible to the estimated 50-70 million Americans living with sleep disorders. Since July 2024, Daybreak customers can apply for CareCredit's promotional financing to purchase at-home sleep test kits or proprietary sleep apnea devices. The partnership addresses the financial barriers to sleep health care, particularly for those without insurance coverage for in-lab sleep studies.
Synchrony (NYSE: SYF) has announced its participation in the upcoming 2024 Goldman Sachs Financial Services Conference. The company's President and CEO Brian D. Doubles, along with CFO Brian J. Wenzel, will engage in a fireside chat on Tuesday, December 10, 2024, at 8:00 a.m. Eastern Time.
Interested parties can access both the live webcast and replay of the discussion through Synchrony's Investor Relations website at www.investors.synchrony.com.
Synchrony (NYSE: SYF) and JCPenney have extended their nearly 25-year partnership with a long-term contract renewal. The expanded partnership adds Synchrony Pay Later, a buy now, pay later financing option, to JCPenney's existing credit offerings. This new feature allows customers to finance fine jewelry purchases over $300 through 6, 12, or 24-month installment payments. The partnership covers JCPenney's credit card services across more than 650 stores in the U.S. and Puerto Rico, as well as JCPenney.com. Cardholders earn 1.5 JCPenney Rewards points for every $1 spent on qualifying purchases.
A new Synchrony study reveals significant concerns among pet parents regarding veterinary specialty care costs and knowledge gaps. 72% of pet parents are equally worried about financial implications and potential outcomes, with half feeling stressed by bills up to $1,000 and 81% stressed by bills approaching $2,500. Only 25% of specialists believe pet parents have realistic cost expectations, while 54% of pet parents admit knowledge about specialty care. The study, conducted for CareCredit, highlights communication gaps between veterinary teams and pet owners, with 63% of pet parents wanting early information about payment options, though few specialty clinics provide this proactively.
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.