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Financial | Credit Services | USA
Synchrony Surges on Strong Earnings, Truce and Deal With Walmart
The financial services company issues strong fourth-quarter net earnings; confirms dismissal of lawsuit and extension of partnership with Walmart's Sam's Club.
The Stamford, Conn.-based company said it earned $783 million, or $1.09 a diluted share, in its fourth quarter, vs. $385 million, or 70 cents, a year earlier. Net interest income increased 11% from the fourth quarter of 2017 to $4.3 billion, while loan receivables grew $11 billion, or 14%, from the fourth quarter of 2017 to $93 billion.
Shares of Synchrony jumped 9% on Wednesday to $28.95.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: SYFc1dl1307.png]](https://finviz.com/publish/012319/SYFc1dl1307.png)
Synchrony Surges on Strong Earnings, Truce and Deal With Walmart
The financial services company issues strong fourth-quarter net earnings; confirms dismissal of lawsuit and extension of partnership with Walmart's Sam's Club.
The Stamford, Conn.-based company said it earned $783 million, or $1.09 a diluted share, in its fourth quarter, vs. $385 million, or 70 cents, a year earlier. Net interest income increased 11% from the fourth quarter of 2017 to $4.3 billion, while loan receivables grew $11 billion, or 14%, from the fourth quarter of 2017 to $93 billion.
Shares of Synchrony jumped 9% on Wednesday to $28.95.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
