Shares of consumer financial services company Synchrony Financial (NYSE:SYF) jumped 3.1% in the afternoon session after a broad market rally fueled by comments from the Federal Reserve suggesting potential interest rate cuts. The broad market rally was sparked by comments from Federal Reserve Chair Jerome Powell, who indicated that the central bank's 'shifting balance of risks' might justify a change in policy, which investors interpreted as a signal for potential interest rate cuts. This positive market sentiment pushed Synchrony's stock to a new all-time high of $73.80.
Synchrony Financial (NYSE: SYF) beats analyst expectations in Q2 2025 results, despite decline in key operational metrics and increase in net earnings.
Goldman Sachs says subprime consumers are stronger than expected, with falling delinquencies and steady spending. Eight stocks could benefit from this unexpected resilience.
Synchrony Financial (NYSE:SYF) shares are trading higher Monday after the company announced a strategic partnership with OnePay to launch an industry-leading credit card program with Walmart.
As the US market prepares to open on Monday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Synchrony Financial (NYSE:SYF) posted Q1 FY25 EPS of $1.89, topping estimates despite a 22.5% drop in net revenue to $3.72B. Loan receivables fell 2% to $99.6B, while purchase volume slid 4%. Net interest margin improved to 14.74%.
