These Analysts Revise Their Forecasts On Synchrony Financial Following Q2 Results
Portfolio Pulse from Avi Kapoor
Synchrony Financial (NYSE:SYF) reported better-than-expected Q2 results, with net interest income and EPS surpassing consensus estimates. Loan receivables rose, while purchase volume declined. Analysts revised their price targets and ratings for SYF following the announcement.
July 18, 2024 | 4:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Synchrony Financial reported strong Q2 results, with net interest income of $4.405 billion and EPS of $1.55, both beating consensus estimates. Loan receivables increased by 8%, while purchase volume declined by 1%. Analysts revised their price targets and ratings for SYF, with some raising targets and others lowering them.
The better-than-expected Q2 results and upward revisions in price targets by several analysts are likely to have a positive short-term impact on SYF's stock price. The increase in net interest income and EPS indicates strong financial performance, which is generally favorable for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100