SYNCHRONY FINANCIAL - SYF STOCK NEWS

Synchrony (NYSE:SYF) has announced a multi-year partnership with Mercyhealth to enhance patient financing options through CareCredit. This collaboration allows patients to use CareCredit for pre-care, point-of-care, and post-care payments, integrated with the Epic MyChart platform for convenience. The partnership addresses rising out-of-pocket healthcare costs, improving price transparency for patients. CareCredit is accepted at over 250,000 locations and supports more than 11 million cardholders, enabling flexible payment options for healthcare services.

Synchrony Financial (NYSE: SYF) reported its fourth quarter 2021 results today, ending December 31, 2021. Key financial metrics and detailed earnings results are available on their investor relations website. The company's leadership will discuss these results in a conference call today at 8:00 AM ET, accessible via their website. Synchrony is a leader in consumer financial services, providing various financing solutions, including private label credit cards, across numerous industries.

Synchrony Financial (NYSE: SYF) declared a quarterly cash dividend of $0.22 per share, payable on February 17, 2022, for shareholders of record by February 10, 2022. Additionally, the company announced a dividend of approximately $14.06 per share on its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, which will be paid on February 15, 2022. Synchrony is a leading consumer financial services company, providing diverse financing solutions and consumer banking products across various industries.

Synchrony (NYSE: SYF) has partnered with Pawlicy Advisor, a top pet insurance marketplace, to enhance financial options for pet owners. The collaboration introduces CareCredit as the primary financing solution for over 300,000 users of Pawlicy Advisor's platform. This move aims to address the gap in financing for veterinary care, especially for those unable to secure pet insurance. CareCredit will offer immediate coverage for out-of-pocket expenses not typically included in insurance policies, providing flexibility for pet owners in managing healthcare costs.

Synchrony's recent study, "Lifetime of Care," reveals that 70% of pet parents view pets as family, yet nearly half underestimate the lifetime costs of pet care, estimated between $20K-$55K for dogs and $15K-$45K for cats. The research, based on data from 1,200 pet owners and 100 veterinarians, highlights the importance of financial solutions like CareCredit and Pets Best Insurance. With $103.6 billion spent on pet care in the U.S. in 2020, the study emphasizes the need for pet owners to be financially prepared for unexpected expenses.

Synchrony (NYSE: SYF) will report its fourth quarter 2021 results on January 28, 2022. The earnings release will be available on the company's Investor Relations website by approximately 6:00 a.m. Eastern Time. A conference call will follow at 8:00 a.m. Eastern Time to discuss the results. Synchrony is a leader in consumer financial services, offering specialized financing solutions and is one of the largest issuers of private label credit cards in the U.S.

Synchrony Financial (NYSE: SYF) announced a $1.0 billion increase in its share repurchase authorization, raising the total authorized amount to $2.2 billion through June 30, 2022. As of September 30, 2021, $1.2 billion remained under the previous authorization. The company can repurchase shares based on market conditions and regulatory requirements. This move is aimed at enhancing shareholder value and reflects the company's financial strength.

Synchrony announced a strategic investment in Skipify, a digital payments company, on December 15, 2021. This partnership aims to implement Skipify's one-tap checkout solution across Synchrony's extensive merchant network, enhancing customer transaction experiences. Skipify's merchants report a significant 30% increase in sales conversions. With around 60 million cardholders, Synchrony seeks to facilitate seamless digital commerce and bolster its growth strategy. Synchrony Ventures focuses on funding early-stage companies with innovative solutions, reinforcing its commitment to adapt the shopping journey for consumers and merchants alike.

Synchrony (NYSE: SYF) announced that President and CEO Brian D. Doubles, along with CFO Brian J. Wenzel, will participate in a fireside chat at the Goldman Sachs US Financial Services Conference on December 7, 2021, at 8:00 a.m. Eastern Time. A live webcast of the event will be accessible on the Synchrony Investor Relations website, with a replay available afterward. Synchrony is a key player in consumer financial services, offering a variety of financing programs and consumer banking products across industries.