Synchrony Financial - SYF STOCK NEWS

Synchrony (NYSE: SYF) and JCPenney have extended their nearly 25-year partnership with a long-term contract renewal. The expanded partnership adds Synchrony Pay Later, a buy now, pay later financing option, to JCPenney's existing credit offerings. This new feature allows customers to finance fine jewelry purchases over $300 through 6, 12, or 24-month installment payments. The partnership covers JCPenney's credit card services across more than 650 stores in the U.S. and Puerto Rico, as well as JCPenney.com. Cardholders earn 1.5 JCPenney Rewards points for every $1 spent on qualifying purchases.

A new Synchrony study reveals significant concerns among pet parents regarding veterinary specialty care costs and knowledge gaps. 72% of pet parents are equally worried about financial implications and potential outcomes, with half feeling stressed by bills up to $1,000 and 81% stressed by bills approaching $2,500. Only 25% of specialists believe pet parents have realistic cost expectations, while 54% of pet parents admit knowledge about specialty care. The study, conducted for CareCredit, highlights communication gaps between veterinary teams and pet owners, with 63% of pet parents wanting early information about payment options, though few specialty clinics provide this proactively.

Synchrony Financial (NYSE: SYF) has announced its quarterly dividend payments. The company will pay a cash dividend of $0.25 per share of common stock on November 15, 2024, to shareholders of record as of November 4, 2024. Additionally, the company declared dividends for its preferred stock: Series A at $14.06 per share ($0.351563 per depositary share) and Series B at $20.63 per share ($0.515625 per depositary share), both payable on the same dates as the common stock dividend.

Synchrony (NYSE: SYF) announced a $100,000 donation from its Foundation to Women in HVACR (WHVACR) to fund scholarships for women pursuing careers in the heating, ventilation, air conditioning, and refrigeration industry. The donation will be distributed as $50,000 in 2024 and $50,000 in 2025. This initiative is part of Synchrony's Education as an Equalizer program, aimed at expanding access to education and supporting diversity in trade industries. In 2023, Synchrony and its Foundation donated over $19 million to more than 400 charitable organizations, while employees contributed over 19,200 volunteer hours.

Synchrony Financial (NYSE: SYF) has released its third quarter 2024 results for the period ending September 30, 2024. The company has made the earnings news release and presentation available on its investor relations website. Brian Doubles, President and CEO, and Brian Wenzel Sr., Executive VP and CFO, will host a conference call at 8 a.m. ET to discuss the financial results and provide an outlook for certain business drivers. Investors can access the audio webcast of the conference call through the company's investor relations website, where a replay will also be available later.

Synchrony (NYSE: SYF) has launched a groundbreaking payment experience for pet parents, connecting CareCredit and Pets Best pet insurance. This innovation directly reimburses insurance claims to the CareCredit health and wellness credit card, streamlining the payment process for pet care. The new technology is set to scale to additional Independence Pet Holdings, Inc. (IPH) insurers in the coming months.

Key features of this innovation include:

• Simplified reimbursement process for pet healthcare expenses
• Automatic reimbursement credit for eligible expenses to CareCredit card
• Collaboration with IPH to expand the solution to more pet insurance brands

This advancement aims to address the financial challenges pet parents face with rising care costs and provide a complete financial safety net for veterinary care.

Synchrony (NYSE: SYF) has announced that its CareCredit health and wellness credit card has been chosen as the preferred financing solution for PSIvet, a group purchasing organization supporting over 5,500 independent veterinary practices nationwide. This partnership aims to provide veterinary practitioners with tools to offer high-quality care and give pet parents convenient financing options.

CareCredit will be integrated into PSIvet's personalized business-enhancing solutions for member practices. The partnership is expected to help streamline financial workflows, reduce accounts receivable, and improve cash flow for veterinary practices. For pet owners, CareCredit offers financing options for various veterinary services, with the ability to prequalify instantly without impacting their credit score.

Synchrony (NYSE: SYF) and DICK'S Sporting Goods (NYSE: DKS) have announced a multi-year extension of their strategic partnership. This extension aims to enhance athlete services and experiences through the DICK'S Sporting Goods ScoreRewards Credit Card program. The partnership will focus on:

• Driving athlete loyalty
• Enhanced technology capabilities
• Expanded data and analytics
• Superior in-store athlete experience

The ScoreRewards Credit Card Program will continue to offer benefits such as earning rewards 2X faster, exclusive member-only offers, and digital account management. These cards can be used online and across DICK'S Sporting Goods' 800+ retail locations, including House of Sport, Golf Galaxy, and Public Lands.

Synchrony (NYSE: SYF) has announced that it will release its third quarter 2024 financial results on Wednesday, October 16, 2024. The company plans to publish its earnings release and presentation materials on the Investor Relations section of its website at approximately 6:00 a.m. Eastern Time. Following the release, Synchrony will host a conference call at 8:00 a.m. Eastern Time to discuss the results. Investors and interested parties can access the live audio webcast and replay of the call through the company's website under the Events and Presentations section.