Thoughts on Synchrony Financial ($SYF)

Curious on people's thought's on Synchrony (SYF). It seems cheap, trading at a PE of 6.5x. They announced a $1b share buyback, on top of an existing $1.5b buyback. So that means they will have bought back 10% of their stock in the next 6 months. At their recent investor day, they also gave the target of double digit EPS growth. They have also partnered with PayPal, and have launched a BNPL product. Buffet previously owned it, so presumably the management team must be top notch

It seems like a company with good prospects and financials, so why is it trading at a discount?

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πŸ‘€︎ u/SgtPepperAUS
πŸ“…︎ Jan 02 2022
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Anyone having issue with Synchrony Financial?

Is anyone having issue with Synchrony Financial being able to sync to Mint? It was working prior to yesterday. All of sudden, my balance became 0. I know I have a Room to Go balance from that company, so I have no idea why it is showing up as a 0 balance.

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πŸ‘€︎ u/beltifi
πŸ“…︎ Aug 06 2021
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Walgreens Expands Financial Services Business Strategy, in Partnership with Synchrony and Mastercard (WHY?? This is such a bad idea..) news.walgreens.com/press-…
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πŸ‘€︎ u/cakeconnaisseur
πŸ“…︎ Jul 15 2021
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Advice: Synchrony Financial will waive one late payment by calling in automatically (no hassle)

Good morning,

Legitimately forgot to pay my PayPal credit line (most of my other cards are on autopay to avoid this), and racked up a $29 late fee accidentally. Called in to request a courtesy fee waiver since usually most credit companies will do it once and prepared to grovel... Synchrony had the late fee waiver built into their automated system; didn't even need to speak to a representative, and the entire process took less than 30-seconds.

If you've experienced hardship or have a late fee, here is their full list of credit products. Call in and see if you are able to recoup some of your dough. $29 is an entire minimum monthly payment or filling up your gas tank... and if they've built it into the major retailer automated system, it takes mere moments.

Have a nice weekend, everyone, hope this helps.

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πŸ‘€︎ u/chunkysundae
πŸ“…︎ May 21 2021
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Why you need to buy Synchrony Financial (SYF) RIGHT NOW youtu.be/1rcY66-1uwA
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πŸ“…︎ Apr 24 2021
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Walgreens to launch credit cards with Synchrony Financial and Mastercard marketwatch.com/amp/story…
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πŸ‘€︎ u/bevmoon
πŸ“…︎ Jan 14 2021
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Synchrony Financial Hiring Scam

Apologies if I oughtn't post this here, but I was googling through this whole process and didn’t see anything to identify this as a particular scam, so I’m hoping this will enable others to make a quicker decision and not waste as much time as I did lol.

I am job seeking right now (which is terrible by the way thanks covid) and posted my resume onto a recruiting site. I was contacted by an β€œHR rep” for Synchrony Financial as a potential candidate. This rep sent me over to the β€œHR manager”, who emailed me the job description (legit, probably pulled from Synchronys website) and asked me to download a secure messaging app to have a text interview. β€œShe” apologized for things being unorthodox, but covid etc etc. Things have been unusual with a lot of recruiters re: covid so I decided to give it a shot even though I was suspicious from this point on.

Long story short, they managed to present as fairly legitimate despite being scammers. Their behavior didn’t exactly match up with anything I found online - we had a full interview, there was a period where I was β€œsubmitted to the head of HR” and had to wait to hear back, but ultimately it boiled down to a check scam. They were going to send me ~$2000 to buy my β€œhome office materials” from β€œtheir vendor”, and I knew I was dangerously close to being victimized, but I still held out hope for this awesome position being real. I asked if it would be possible to use my own equipment, no; asked to wait to make the purchase until the check fully cleared, wouldn’t be set in time for me to start work; finally asked if it would be possible to send a certified check: blocked.

I just wanted to put this out there so it might come up if someone googles like I did, but also as a cautionary tale. Job hunting especially right now is incredibly disheartening and has brought me a point of desperation where I was willing to overlook warning signs to a point because I needed this fake opportunity so much. Please be careful out there, everyone!

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πŸ‘€︎ u/Aromatic_War7707
πŸ“…︎ Jul 31 2020
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@barronsonline: The coronavirus has hastened a trend toward contactless payments and online shopping that is likely to stick around, the CEO of Synchrony Financial said Wednesday. https://t.co/VZrKsfxr3h mobile.twitter.com/barron…
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πŸ‘€︎ u/-en-
πŸ“…︎ Jun 25 2020
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Why did Warren Buffet invest in Synchrony Financial (SYF)?

Hey r/investing, I want your input and financial analysis on Warren Buffet's decision to invest in SYF? Why do you think he invested? What ratios or number made the investment appealing? I have gone over the financials (not a professional). ROE and ROA is not too great but we can see that this stock is a value play. Please let me know your thoughts, ideas, and opinions on his decision (fundamentals..). Thank you!

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πŸ‘€︎ u/Stuffmatters_123
πŸ“…︎ Nov 15 2017
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Synchrony Financial's Earnings Likely To Remain Depressed This Year seekingalpha.com/article/…
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πŸ‘€︎ u/DISANews
πŸ“…︎ May 05 2020
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Berkshire hathaway / Buffet is still buying Synchrony Financial stock

$SYF -

https://www.forbes.com/sites/greatspeculations/2018/01/11/synchrony-financial-offers-buffett-style-blend-of-growth-and-value/#6adb39b239c4

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πŸ‘€︎ u/mylosan
πŸ“…︎ Mar 31 2018
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@barronsonline: Discover and Synchrony Financial Will Keep Buying Back Huge Amounts of Stock, Analyst Says https://t.co/rORU5eaGgw mobile.twitter.com/barron…
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πŸ‘€︎ u/-en-
πŸ“…︎ Aug 26 2019
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Anyone wanna explain Buffett's Synchrony Financial stake?

What's Buffet seeing in here? Sometimes it's a little guess work

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πŸ‘€︎ u/wesred
πŸ“…︎ Jul 21 2018
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American Express, Synchrony Financial & the Changing Credit Card Landscape punchcardblog.wordpress.c…
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πŸ‘€︎ u/Beren-
πŸ“…︎ Mar 08 2016
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@WSJ: Walmart sues its longtime credit-card issuer, saying it was harmed by Synchrony Financial by β€œno less than $800 million” https://t.co/mYDv9DK9Lb mobile.twitter.com/WSJ/st…
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πŸ‘€︎ u/-en-
πŸ“…︎ Nov 02 2018
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@WSJ: Walmart sues its longtime credit-card issuer, saying it was harmed by Synchrony Financial by β€œno less than $800 million” https://t.co/7CzqJN2yCV mobile.twitter.com/WSJ/st…
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πŸ‘€︎ u/-en-
πŸ“…︎ Nov 02 2018
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I own 600 shares of GE stock. I received this letter that I have 2 weeks to decide to trade my common GE stock for Synchrony Financial stock SYF. GE is splitting. Is this worth the trade?

The amount is more , about $7.00 more for the stock. It's so the company can separate SYF as its own entity. Is this pretty common?

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πŸ‘€︎ u/ruskeeblue
πŸ“…︎ Oct 29 2015
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@WSJ: Walmart sues its longtime credit-card issuer, saying it was harmed by Synchrony Financial by β€œno less than $800 million” https://t.co/mYDv9DK9Lb mobile.twitter.com/WSJ/st…
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πŸ‘€︎ u/-en-
πŸ“…︎ Nov 02 2018
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[Business] - Walmart Files Lawsuit Against Credit-Card Issuer Synchrony Financial wsj.com/articles/walmart-…
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πŸ‘€︎ u/AutoNewsAdmin
πŸ“…︎ Nov 02 2018
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Why do you think Warren Buffet invested in Synchrony Financial (SYF)?

Hey r/investing, I want your input and financial analysis on Warren Buffet's decision to invest in SYF? Why do you think he invested? What ratios or number made the investment appealing? I have gone over the financials (not a professional). ROE and ROA is not too great but we can see that this stock is a value play. Please let me know your thoughts, ideas, and opinions on his decision (fundamentals..). Thank you!

πŸ‘︎ 41
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πŸ‘€︎ u/Stuffmatters_123
πŸ“…︎ Nov 15 2017
🚨︎ report
I own 600 shares of GE stock. I received this letter that I have 2 weeks to decide to trade my common GE stock for Synchrony Financial stock SYF. GE is splitting. Is this worth the trade?

The amount is more , about $7.00 more for the stock. It's so the company can separate SYF as its own entity. Is this pretty common?

πŸ‘︎ 3
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πŸ‘€︎ u/ruskeeblue
πŸ“…︎ Oct 29 2015
🚨︎ report

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