Synchrony Financial
SYF-PB
New York Stock Exchange26.01
USD
-0.10
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Synchrony Financial
SYF-PB
(New York Stock Exchange)
Recent
price
26.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Synchrony Financial (NYSE: SYF; SYF-PB) operates as a leading consumer financial services company headquartered in Stamford, Connecticut, and founded in 2003 as GE Capital Retail Finance Corporation before spinning off as an independent public entity in 2014. The company delivers a broad suite of digitally-enabled credit products and financing solutions through its wholly owned subsidiary Synchrony Bank, including private label credit cards, co-branded cards, dual cards, general-purpose credit cards such as the Synchrony Premier World Mastercard with 2% cash back, promotional financing, loyalty programs, short- and long-term installment loans, and deposit products like high-yield savings accounts, money market accounts, certificates of deposit, and individual retirement accounts; it serves diverse sales platforms encompassing Digital (embedded payments and rewards for digital partners), Health & Wellness (healthcare financing via CareCredit for medical, dental, veterinary, audiology, cosmetic, and personal care procedures, plus pet insurance through Pets Best, and partnerships with Walgreens), Home & Auto (financing for home improvement, roofing, HVAC, windows, and automotive needs), Diversified & Value (everyday retail financing), and Lifestyle (specialty retail across outdoor, pet, and passion brands). Synchrony partners with major national retailers and brands including Amazon, Lowe's, Guitar Center, Verizon, Sam's Club, Rakuten, Sleep Number, and Cathay Pacific, primarily targeting U.S. consumers through omnichannel experiences with retailers, merchants, manufacturers, healthcare providers, and industry associations, while maintaining operations focused on the United States with additional support facilities in Ohio and international innovation centers. Recent developments include the March 2024 completion of its $2.2 billion acquisition of Ally Lending's point-of-sale financing business, which added approximately 2,500 merchant locations and 450,000 active borrowers in home improvement (roofing, HVAC, windows) and health sectors (cosmetic dentistry, audiology), enhancing multi-product offerings and contributing to a 56.3% net profit surge in 2024 despite elevated net charge-offs; in 2025, the company expanded through the acquisition of Versatile Credit and added or renewed over 15 partnerships, such as the Lowe's commercial program, Dental Intelligence, and Regency Showrooms, alongside integration efforts yielding operational efficiencies and reserve builds amid a rising interest rate environment.