SYF Stock Summary and Trading Ideas (Synchrony Finl | NYSE:SYF)

Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).

Synchrony Finl trades on the NYSE stock market under the symbol SYF.

As of April 24, 2024, SYF stock price climbed to $45.02 with 8,235,442 million shares trading.

SYF has a beta of 0.95, meaning it tends to be less sensitive to market movements. SYF has a correlation of 0.17 to the broad based SPY ETF.

SYF has a market cap of $18.32 billion. This is considered a Large Cap stock.

Last quarter Synchrony Finl reported $4 billion in Revenue and $1.03 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.10.

In the last 3 years, SYF stock traded as high as $52.49 and as low as $26.59.

The top ETF exchange traded funds that SYF belongs to (by Net Assets): VTI, VOO, VO, SPY, RDVY.

SYF has outperformed the market in the last year with a price return of +54.8% while the SPY ETF gained +24.2%. SYF has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.9% and +6.4%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

SYF support price is $42.07 and resistance is $43.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SYF stock will trade within this expected range on the day.