SYF - These Analysts Revise Their Forecasts On Synchrony Financial Following Q2 Results | Benzinga
Synchrony Financial (NYSE:SYF) reported better-than-expected second-quarter results on Wednesday.
The company posted quarterly net interest income of $4.405 billion, beating the consensus of $4.287 billion. The company reported EPS of $1.55, above the consensus of $1.3, according to data from Benzinga Pro.
Loan receivables rose 8% to $102.3 billion, and purchase volume declined 1% to $46.8 billion. Interest and fees on loans increased 10% year over year to $5.3 billion, led by increased average loan receivables.
For FY24, Synchrony said it expects EPS of $7.60 – $7.80 versus $7.25 consensus; this includes the late fee rule implementation date ...