Synchrony Financial Q3 Purchase Volume Decreased 4%, Loan Receivables Increased 4% To $102.2B, Net Interest Margin Decreased 32 Bps To 15.04%
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial reported a 4% decrease in Q3 purchase volume, a 4% increase in loan receivables to $102.2 billion, and a 32 basis point decrease in net interest margin to 15.04%.
October 16, 2024 | 10:01 am
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NEUTRAL IMPACT
Synchrony Financial's Q3 results show a mixed performance with a decrease in purchase volume and net interest margin, but an increase in loan receivables.
The decrease in purchase volume and net interest margin could be seen as negative, while the increase in loan receivables is positive. These mixed results may lead to a neutral short-term impact on SYF's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100