— Synchrony Financial (NYSE: SYF) reported earnings of $731 million or $1.15 per share for the fourth quarter of 2019, vs. $1.07 per share expected.
— Net interest income dropped 7% to $4 billion, with impact from the sale of Walmart consumer portfolio offsetting loan receivables growth, vs. $4.07 billion expected
— Loan receivables declined 6% to $87.2 billion, while purchase volume remained flat at $40.2 billion
— Average active accounts dropped 5% to 74 million; deposits grew 2% to $65.1 billion
— Announced partnership with Verizon, making Synchrony the exclusive issuer of the latter’s co-branded consumer credit card
— Paid quarterly dividend of $0.22 per share; repurchased $1.4 billion of stock
— Provision for loan losses decreased 24% to $1.1 billion; efficiency ratio came in at 34.8%
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%
