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American Banker: Synchrony says its consumer credit losses are nearing their peak
(Reuters) -Credit card-focused consumer banking firm Synchrony Financial reiterated its annual revenue forecast on Tuesday, signaling resilience despite economic worries stemming from uncertainties ...
UPDATE: This article includes comments from the bank's earnings call and analyst notes. Credit card issuer Synchrony Financial's profits surged 25% in the third quarter even as the generally spendy ...
Shares of Synchrony Financial have been falling due to concerns about rising credit card delinquencies. Despite underperforming expectations, SYF stock has outperformed mid-sized banks. The company's ...
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