Latest news with #SynchronyFinancial
Yahoo
19-06-2025
- Business
- Yahoo
SYF Joins Forces With Payzer to Streamline Home Improvement Financing
A leading consumer financing player, Synchrony Financial SYF, recently collaborated with Payzer to develop an integrated digital solution for residential contractors. The initiative is designed to bring SYF's financing options directly into Payzer's field service management solution to increase efficiency, provide more flexibility and enhance customer satisfaction. With Synchrony's impressive lineup of 33 financing promotions now available directly through the Payzer platform, contractors can easily offer financing options during estimates, manage pre-qualifications and get instant credit decisions — all from one smooth interface. This streamlined process can speed up payment timelines and even result in increased average transaction values. With increasing consumer interest in Buy Now Pay Later (BNPL) options and home equity solutions, SYF and Payzer's collaboration is ideally suited to meet consumers' evolving financial wants. This partnership is a strategic move and aligns with the companies' missions. Synchrony is growing its presence in the high-potential home service business, while Payzer adds value to its proposition by making it easier to pay. This collaboration could also boost market reach for both companies, especially among mid-sized contractors who may not have access to advanced financial tools. It also empowers contractors and simplifies financial choices for homemakers. Synchrony emphasizes partnerships and acquisitions to drive business growth, enhances digital capabilities and focuses on diversified offerings. SYF extended its longstanding partnerships with American Eagle Outfitters and Ashley in April. Over the past year, Synchrony shares have gained 36.8% compared with the industry's growth of 9.5%. Image Source: Zacks Investment Research SYF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Pagaya Technologies Ltd. PGY, Heritage Insurance Holdings Inc. HRTG and Virtu Financial Inc. VIRT, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Pagaya Technologies' current-year earnings of $2.45 per share has witnessed two upward revisions in the past 60 days against none in the opposite direction. Pagaya Technologies beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 12.9%. The consensus estimate for current-year revenues is pegged at $1.2 billion, implying 19.9% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 60 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Virtu Financial's current-year earnings is pegged at $3.97 per share, implying 11.8% year-over-year growth. In the past 60 days, Virtu Financial has witnessed five upward estimate revisions against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $1.7 billion, indicating 5.2% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchrony Financial (SYF) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
19-06-2025
- Business
- Yahoo
Is Synchrony Financial Stock Outperforming the Nasdaq?
Stamford, Connecticut-based Synchrony Financial (SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Valued at $22.9 billion by market cap, the company provides a range of credit products such as credit cards, commercial credit products, and consumer installment loans through programs established with a diverse group of national and regional retailers, local merchants, manufacturers, and more. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and SYF perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the credit services industry. SYF's market leadership is fueled by its vast partner network, comprising national retailers, local merchants, and healthcare providers, paired with a robust digital platform. This digital focus aligns with consumer trends and enhances customer engagement. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its notable strength, SYF shares have slipped 13.4% from their 52-week high of $70.93, achieved on Jan. 23. Over the past three months, SYF stock has gained 15.8%, outperforming the Nasdaq Composite's ($NASX) 11.7% gains during the same time frame. In the longer term, shares of SYF dipped 5.5% on a YTD basis, underperforming NASX's YTD gains of 1.2%. However, the stock climbed 40.8% over the past 52 weeks, outperforming NASX's 9.4% returns over the last year. To confirm the bullish trend, SYF has been trading above its 200-day moving average since mid-May, with slight fluctuations. The stock is trading above its 50-day moving average since early May. SYF is experiencing strong performance driven by interest on credit card balances and consumer loans. The Fed pausing rate cuts is expected to increase loan yields, boosting net interest income. In addition, strategic acquisitions and partnerships are driving digital transformation and product diversification, with rapid expansion of the CareCredit platform in healthcare and collaborations in the pet care market, showing strong growth potential. Moreover, partnerships with industry leaders like PayPal Holdings, Inc. (PYPL), Venmo, and Mastercard Incorporated (MA) have improved the customer payment experience. On Apr. 22, SYF shares closed up more than 2% after reporting its Q1 results. Its EPS of$1.89 exceeded Wall Street expectations of $1.63. The company's net interest income was $4.5 billion, falling short of Wall Street forecasts of $4.6 billion. In the competitive arena of credit services, American Express Company (AXP) has taken the lead over SYF, showing resilience with a marginal downtick on a YTD basis but lagged behind the stock with 29.3% gains over the past 52 weeks. Wall Street analysts are moderately bullish on SYF's prospects. The stock has a consensus 'Moderate Buy' rating from the 23 analysts covering it, and the mean price target of $64.59 suggests a potential upside of 5.1% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
09-06-2025
- Business
- Bloomberg
Stock Movers: Aon, Intuitive Surgical, Synchrony Financial
On this episode of Stock Movers: - Aon (AON) shares drop ahead of its investor day. The company said management will reaffirm the firm's 2025 guidance across all key financial metrics. Its 1Q earnings missed consensus on most key metrics including adjusted operating margin. - Intuitive Surgical (ISRG) shares fall after Deutsche Bank cut the robotic-surgery company to sell from hold citing 'significant' risks to its Instruments & Accessories business. - Synchrony Financial (SYF) shares rise following a report that Walmart credit cards will once again be issued by the financial services firm. OnePay, a financial technology firm backed by Walmart, picked Synchrony to issue both a co-branded card that can be used outside Walmart as well as a private-label card that will be available just for purchases at the retailer.
Bloomberg
09-06-2025
- Business
- Bloomberg
Walmart's Credit Cards Will Once Again Be Issued by Synchrony Financial
By Sridhar Natarajan and Save Walmart Inc.'s credit cards will once again be issued by Synchrony Financial as the world's largest retailer makes a renewed push into financial services. OnePay, a financial technology firm backed by Walmart, picked Synchrony to issue both a co-branded card that can be used outside Walmart as well as a private-label card that will be available just for purchases at the retailer, according to people with knowledge of the matter. OnePay will begin offering the cards in the US later this year.
Bloomberg
03-06-2025
- Business
- Bloomberg
PayPal Unveils Another Credit Card for In-Person Shopping Push
PayPal Holdings Inc. is adding a new card to bring its online credit product to physical stores as the company focuses on expanding its name recognition with in-person transactions. The new PayPal credit card joins the San Jose, California-based company's debit card, introduced more than two decades ago, and a separate 3% cash-back credit card. The new credit card, issued by Synchrony Financial, will launch with a six-month promotion offering no-interest financing for qualifying travel purchases including flights and hotels, according to a statement.
