Categories Earnings, Finance

Earnings: A snapshot of Synchrony Financial’s (SYF) Q1 2023 results

Consumer financial services company Synchrony Financial (NYSE: SYF) reported earnings results for the first quarter of 2023.

  • First-quarter net income available to stockholders decreased to $590 million or $1.35 per share from $922 million or $1.77 per share in the year-ago quarter
  • Net interest income was $4.05 billion, which is up 6.9% year-over-year
  • Purchase volume increased 3% annually to $41.6 billion, or 11% on a core basis
  • Average active accounts decreased by 1% to 69.5 million or increased by 8% on a core basis
  • Net interest margin decreased 58 basis points to 15.22%; return on equity decreased 9.3% to 18.2%
  • During the quarter, the company returned $500 million of capital to shareholders, including $400 million of share repurchases


Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock


Most Popular

Citigroup (C) reports lower revenue and profit for Q1 2024; results beat

Banking behemoth Citigroup Inc. (NYSE: C) Friday reported a decrease in revenue and net income for the first quarter of 2024. However, the numbers came in above analysts' estimates. Net

WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2024 financial results

Wells Fargo & Company (NYSE: WFC) reported first quarter 2024 earnings results today. Total revenue rose 1% year-over-year to $20.8 billion. Net income decreased 7% to $4.6 billion while EPS

JPM Earnings: All you need to know about JPMorgan’s Q1 2024 earnings results

JPMorgan Chase & Co. (NYSE: JPM) reported first quarter 2024 earnings results today. Reported net revenue was $41.9 billion, up 9% year-over-year. Managed net revenue was $42.5 billion, up 8%

Add Comment
Viewing Highlight