Welcome to our dedicated page for Synchrony Financial news (Ticker: SYF), a resource for investors and traders seeking the latest updates and insights on Synchrony Financial stock.
Synchrony Financial (NYSE: SYF) is a leading consumer financial services provider specializing in private-label credit cards, digital financing solutions, and healthcare credit products. This news hub offers investors and industry professionals centralized access to official updates and market analysis for informed decision-making.
Track SYF's latest developments including earnings reports, strategic partnerships, product innovations, and regulatory updates. Our curated collection features press releases about retail card programs, CareCredit healthcare financing expansions, and payment technology advancements across SYF's partner network.
Key updates cover three primary areas: financial performance (quarterly results, investor communications), operational developments (new merchant partnerships, digital platform enhancements), and industry leadership (consumer credit trends, regulatory compliance initiatives). Bookmark this page for real-time access to SYF's evolving position in consumer finance markets.
Synchrony (NYSE: SYF) announced that its CareCredit health and wellness credit card has achieved full coverage across all 29 public veterinary university hospitals in the United States with the addition of Texas A&M University Veterinary Medical Teaching Hospital. CareCredit now serves as the preferred financing partner at Texas A&M, which operates one of the largest veterinary referral networks in the country.
The partnership enables pet owners to access various financing options, including short and long-term plans, with instant prequalification available. CareCredit is currently accepted at over 26,000 veterinary practices nationwide and has been providing financing solutions for veterinary services for more than 35 years. The credit card is recommended by the American Animal Hospital Association and is a Preferred Partner for the American Veterinary Medical Association.
Synchrony (NYSE: SYF) and Belle Tire have announced a multi-year partnership to launch a new private label credit card program. The collaboration, facilitated through Belle Tire's integrated payment provider 1stMILE, will offer flexible financing options across Belle Tire's nearly 200 Midwest locations.
The new credit card, part of the Synchrony Car Care™ network, provides promotional financing including six months for purchases of $199+ and twelve months for purchases of $1,000+. Cardholders can use the card at Belle Tire locations and over one million gas stations, auto parts retailers, and service locations nationwide.
Customers can apply through multiple channels including in-store pin pads, QR codes, text-to-apply options, and BelleTire.com. The partnership aims to make automotive expenses more manageable while expanding payment accessibility for Belle Tire's automotive customers.
Synchrony Financial (NYSE: SYF) has announced its first quarter 2025 results and several key shareholder returns initiatives. The company's Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock, representing a 20% increase from the previous dividend. The dividend will be paid on May 15, 2025, to stockholders of record as of May 5, 2025.
Additionally, the Board approved a new $2.5 billion share repurchase program starting in Q2 2025 through June 30, 2026, following the completion of its previous buyback program. The company also declared quarterly dividends for its Series A and Series B Preferred Stock, with payments of approximately $14.06 and $20.63 per share respectively.
Synchrony (NYSE: SYF) has announced a multi-year extension of its partnership with American Eagle Outfitters (NYSE: AEO) to continue managing their credit programs. The nearly three-decade partnership focuses on providing the Real Rewards credit card program for American Eagle and Aerie customers.
The partnership features both store-specific Real Rewards credit cards for use at American Eagle and Aerie locations, as well as Real Rewards Visa credit cards accepted wherever Visa is accepted. The program offers rewards and special discounts to AEO customers, and has been recognized as one of America's Best Loyalty Programs by Newsweek for five consecutive years. Additionally, the Real Rewards Credit Card was named Money's Best Retail Credit Card: In-Store Rewards for 2025.
Synchrony (NYSE: SYF) and Ashley, North America's largest furniture store brand, have renewed their strategic consumer financing partnership that began in 2010. The extension maintains Synchrony as the exclusive financing provider for Ashley's customers through the Ashley Advantage™ Credit Card.
The partnership serves over 750 independent Ashley licensee locations, offering various financing options including deferred interest, equal pay/no interest, and reduced interest plans with terms from 6 to 72 months. Key benefits include advanced data analytics for growth, ongoing technology investments for seamless credit applications, and flexible credit solutions.
The renewal strengthens both companies' commitment to making home furnishing more accessible and affordable while supporting Ashley's network through innovative financing solutions and data-driven marketing initiatives to improve credit approvals and enhance customer loyalty.
Synchrony (NYSE: SYF) has announced a strategic integration with Adobe Commerce to enhance merchant financing options. The integration enables thousands of merchants using Adobe Commerce platforms to offer Synchrony credit cards with extended term promotions and Pay Later installment financing at online checkout.
The collaboration aims to provide small and medium-sized businesses with flexible payment solutions to help build customer relationships and drive business growth. According to Adobe's Sr. Director of Content & Commerce Partners, flexible financing options have demonstrated positive impacts on average order size and customer retention.
Synchrony (NYSE: SYF) has announced a $25,000 donation to Women in Auto Care, a community of the Auto Care Association. The donation, made as part of Synchrony's Education as an Equalizer program, aims to support women in the automotive aftermarket industry through professional development and essential tools funding.
The contribution will fund several key initiatives including:
- Professional development scholarships
- Essential industry tools acquisition
- Educational programs and training
Women in Auto Care, now in its 20th year, has a history of distributing awards including cash scholarships and toolkits to aspiring automotive professionals. The organization focuses on engaging, educating, and empowering women within the auto care industry.
Synchrony (NYSE: SYF) has been recognized as the No. 2 Best Company to Work For in the U.S. by Fortune magazine and Great Place to Work®. The company achieved an exceptional 94% employee satisfaction rate, significantly surpassing the typical U.S. company average of 57%.
The recognition highlights Synchrony's people-centric culture, with 93% of employees praising the company's workplace flexibility and 92% acknowledging constructive manager feedback. Key initiatives include:
- A flexible hybrid work model for all employees
- Enhanced coaching and leadership programs
- Comprehensive career development opportunities including STEP program and tech apprenticeships
- Extensive wellness benefits including 22 weeks paid maternity leave, 12 weeks parental leave, and backup childcare
Synchrony (NYSE: SYF) has scheduled the release of its first quarter 2025 financial results for Tuesday, April 22, 2025. The company will publish its earnings release and presentation materials on its investor relations website at approximately 6:00 a.m. Eastern Time.
A conference call discussing the quarterly results will be held at 8:00 a.m. Eastern Time on the same day. Investors can access both the live audio webcast and replay through the Events and Presentations section of Synchrony's investor relations website at www.investors.synchrony.com.
Synchrony (NYSE: SYF) has announced its participation in the upcoming UBS Financial Services Conference. The company's Chief Financial Officer, Brian J. Wenzel, will engage in a fireside chat scheduled for Monday, February 10, 2025, at 9:40 a.m. Eastern Time.
For interested stakeholders, both a live webcast and replay of the discussion will be accessible through Synchrony's Investor Relations website at www.investors.synchrony.com.
