Synchrony Financial
SYF: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $64.00 | Xbp | Lrdrmdxp |
Synchrony Is Enjoying Solid Loan Growth, but Credit Card Charge-Offs Will Continue to Rise
Business Strategy and Outlook
Synchrony Financial partners with retailers and medical providers to offer promotional financing as well as private-label and co-branded general-purpose credit cards. While the company’s CareCredit cards and installment loans have consistently performed well, its private-label and co-branded credit cards, co-marketed through partnerships with retailers, can often face material headwinds when retail sales suffer.