Repairs At Home? - Synchrony's Expanded Roto-Rooter Partnership Offers Financing Access For Plumbing Services
Portfolio Pulse from Shivani Kumaresan
Synchrony Financial (NYSE:SYF) has expanded its partnership with plumbing and drain cleaning services provider, Roto-Rooter. The partnership aims to provide homeowners with new financing options for home repairs. The agreement is expected to empower Roto-Rooter business owners to provide flexible payment options to support immediate and urgent situations. Synchrony's shares are trading higher by 0.70% at $34.72.
July 28, 2023 | 4:56 pm
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Synchrony Financial's expanded partnership with Roto-Rooter is expected to provide new financing options for home repairs, potentially increasing its customer base and revenues.
The expanded partnership with Roto-Rooter allows Synchrony Financial to offer new financing options for home repairs. This could attract more customers and increase revenues, which would likely have a positive impact on its stock price. The news of the partnership expansion has already resulted in a 0.70% increase in Synchrony's share price.
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