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:
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%