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 Financial (NYSE: SYF) announced its fourth quarter 2024 financial results for the period ending December 31, 2024. The company has made the earnings release and presentation available on their investor relations website. Brian Doubles, President and CEO, and Brian Wenzel Sr., EVP and CFO, will host a conference call at 8 a.m. ET to discuss the results and business outlook. The call will be accessible via audio webcast through the investor relations website, with a replay available afterward.
Synchrony has announced a multi-year extension of its 30-year strategic credit card partnership with Sam's Club. The company will continue as the exclusive issuer of consumer, business, and commercial credit cards for Sam's Club across its 600 locations in the U.S. and Puerto Rico, including online and mobile platforms.
The partnership focuses on enhancing shopping and credit experiences through key features including: integration with Sam's Club's Scan & Go™ technology for seamless checkout, digital-first solutions through Synchrony's SyPI and dApply technology, and the Sam's Cash™ rewards program. The Sam's Club Mastercard® offers 5% back on fuel (up to $6,000 annually), 3% on dining, and 1% on other purchases. Plus members can earn up to 5% total rewards on eligible Sam's Club purchases.
KnitWell Group has partnered with Synchrony (NYSE: SYF) and Mastercard to provide enhanced payment options for customers of Chico's, WHBM, and Soma brands. The multi-year partnership will introduce both private label credit cards and dual-branded Mastercard options for each brand, launching in September 2025.
The dual-branded cards will enable customers to earn rewards not only at KnitWell's fashion brands but anywhere Mastercard is accepted. The partnership aims to drive customer experiences, loyalty, repeat purchases, and overall sales through Synchrony's advanced analytics capability, flexible financing options, and omnichannel application experience.
Synchrony Financial (NYSE: SYF) has announced its latest dividend declarations. The company's Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock, payable on February 18, 2025, to shareholders of record as of February 3, 2025.
Additionally, the Board declared quarterly cash dividends for two preferred stock series: The Series A Preferred Stock will pay approximately $14.06 per share ($0.351563 per depositary share), and the Series B Preferred Stock will pay approximately $20.63 per share ($0.515625 per depositary share). Both preferred stock dividends share the same payment and record dates as the common stock dividend.
Synchrony (NYSE: SYF) has announced that eligible Synchrony Mastercard holders can now access the Pay Later feature when using Apple Pay for online and in-app purchases on iPhone and iPad. Customers with Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard can choose between standard credit card terms or promotional offers with fixed monthly payments.
To utilize this feature, customers need to add their Synchrony Mastercard to Apple Wallet. When checking out with Apple Pay, eligible users can select their card and tap Pay Later to view promotional offers. The company plans to expand this payment flexibility across its co-branded card portfolio. Additionally, Synchrony will introduce the ability to view and redeem rewards from eligible Synchrony-issued cards when using Apple Pay later this year.
Synchrony (NYSE: SYF) and Pet Paradise announced a partnership to expand CareCredit acceptance to all 60 Pet Paradise locations nationwide by year-end. The health and wellness credit card will cover services from dog training to extended boarding stays and day camp packages.
The partnership builds on Synchrony's existing relationship with NewDay Veterinary Care, which operates within select Pet Paradise resorts. CareCredit is currently accepted at over 25,000 veterinary clinics nationwide. The collaboration aims to provide pet parents with flexible financing options in the U.S. pet boarding market, estimated at $20 billion annually.
Pet owners can prequalify for CareCredit without impacting their credit score and receive instant decisions. The card offers various financing options based on purchase amounts, with an online calculator for estimating monthly payments.
Synchrony (NYSE: SYF) has announced it will release its fourth quarter 2024 financial results on Tuesday, January 28, 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 to discuss the results is scheduled for 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.
Synchrony (NYSE: SYF) has announced the extension of its partnership with Chevron U.S.A. for the Techron Advantage Credit Card program. This renewal coincides with the 100th anniversary of Chevron's first consumer credit card, introduced in 1924. The partnership, spanning 17 years, combines Synchrony's consumer financing expertise with Chevron's innovation-focused approach.
The Techron Advantage Credit Card program features digital application options, access to the Synchrony Car Care™ network with over a million locations, 6-month promotional financing on purchases of $199+, and fuel credits of three cents per gallon, with Techron Advantage Visa® cardholders eligible for up to additional 10 cents per gallon off. The program will see a new value proposition rollout in 2025 to complement Chevron Texaco Rewards program.
Synchrony (NYSE: SYF) hosted its 'Season of Caring' celebration at its Stamford headquarters, where over 200 employees partnered with nine local charities. The initiative resulted in donations including 300 bags of winter clothing, 50 bikes and helmets, 2,000 backpacks with school supplies, and 250 student holiday gift bags.
The company's executives participated in an Ice Bucket Challenge, raising $25,000 for charities. Through a 'Friendsgiving' campaign, Synchrony matched food donations with the goal of providing 1 million meals. Since 2014, Synchrony has donated over $70 million to nonprofits, while employees have contributed 120,000 volunteer hours and approximately $25 million in matched contributions through 2023.
Synchrony (NYSE: SYF) and Daybreak have partnered to offer flexible financing for sleep testing kits and sleep apnea devices through CareCredit health and wellness credit card. The three-year partnership, running through March 31, 2027, aims to make sleep health solutions more accessible to the estimated 50-70 million Americans living with sleep disorders. Since July 2024, Daybreak customers can apply for CareCredit's promotional financing to purchase at-home sleep test kits or proprietary sleep apnea devices. The partnership addresses the financial barriers to sleep health care, particularly for those without insurance coverage for in-lab sleep studies.
