Synchrony Financial
SYF: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Sb | LOCK|b&q | LOCK|w&>jqm |
Synchrony Earnings: Strong Credit Performance Drives a Jump in Earnings
Synchrony reported good second-quarter earnings, despite a 2% decrease in net revenue from last year to $3.65 billion. Lower revenue was more than offset by a sharp drop in credit costs, which pushed net income 50% higher to $967 million.
