| 2024-11-11 | +2.84 % |
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| 2024-11-07 | -4.25 % |
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| 2024-11-06 | +18.81 % |
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| 2024-11-05 | +3.2 % |
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| 2024-11-01 | +0.2 % |
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| 2024-10-31 | -2.08 % |
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| 2024-10-29 | -1.83 % |
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| 2024-10-28 | +2.97 % |
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| 2024-10-25 | -0.2 % |
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| 2024-10-24 | +0.47 % |
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| 2024-10-23 | -1.2 % |
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| 2024-10-21 | -1.08 % |
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| 2024-10-16 | +6.06 % |
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| 2024-10-15 | -0.75 % |
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| 2024-10-14 | +1.02 % |
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| 2024-10-11 | +3.04 % |
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| 2024-10-09 | +1.58 % |
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| 2024-10-07 | -0.56 % |
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| 2024-09-30 | +0.46 % |
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| 2024-09-27 | +1.24 % |
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| 2024-09-25 | -0.02 % |
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| 2024-09-24 | -3 % |
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| 2024-09-17 | +3.93 % |
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| 2024-09-16 | +0.42 % |
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| 2024-09-11 | -0.67 % |
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| 2024-09-10 | -4.19 % |
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| 2024-08-14 | +1.27 % |
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| 2024-07-19 | -1.69 % |
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| 2024-07-18 | -2.66 % |
- The article discusses the positive adjustment in outlook for Synchrony Financial (SYF) shares by Baird, following the company's earnings report which revealed better-than-expected performance in EPS, core pre-provision net revenue, and credit metrics. Despite the positive news, the stock may have gone down possibly due to softer purchase volume trends and potential regulatory challenges.
- Summary: Synchrony Financial (SYF) stock declined by -2.66% after BMO Capital Markets revised its price target to $41 from $42 following strong second-quarter earnings, with the reduction attributed to expectations of lower net interest income and interchange fees as well as regulatory factors, such as new late fee regulations by the Consumer Financial Protection Bureau.
Reason for stock decline: Synchrony Financial's stock went down due to revised near-term earnings estimates, which increased by 10% on the back of a strong quarterly performance but reduced longer-term estimates by 1%, primarily due to anticipated lower net interest income and interchange fees as well as potential regulatory impacts from new late fee regulations set by the Consumer Financial Protection Bureau.
- The article discusses Bank of America's positive stock performance and outlook, highlighted by an increased price target by Oppenheimer, driven by strong second-quarter results and management's updated guidance on net interest income and capital markets activity; Synchrony Financial (SYF) stock went down likely due to increased deposit costs from Federal Reserve's tightening measures impacting U.S. banks.
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| 2024-07-17 | +0.99 % |
- Synchrony Financial (SYF) stock was up by 0.99% yesterday after Jefferies raised its price target to $60 from $55, following the company's impressive earnings per share (EPS) of $1.55 driven by strong performance in key areas such as Rewards Sales Agreement (RSA), provisions, and operating expenses (OPEX), with the company demonstrating improvements in credit quality, exceeding seasonal trends, expanding its partnership portfolio, and providing optimistic guidance for fiscal year 2024, leading to increased analyst estimates as Synchrony Financial navigates regulatory challenges, appoints a new Senior Vice President, Chief Accounting Officer, and Controller, and maintains dividend payments along with solid returns and a low P/E ratio, indicating potential undervaluation.
- Synchrony Financial (SYF) stock was up 0.99% last night after reporting solid earnings; the stock likely rose due to beating estimates as revenue climbed 13% and net income rose by the same percentage, despite being hurt by higher provisions for credit losses and net charge-offs.
- Summary: Synchrony Financial (SYF) stock was up 0.99% on the previous night as global markets saw a shift to small cap stocks due to interest rate cut speculation and potential impacts of a re-election of Donald Trump, with futures indicating continued gains in the Russell 2000 index.
Reason for Stock Increase: The stock of Synchrony Financial (SYF) went up as part of the broader trend of investors moving towards better-valued small cap stocks in response to speculation around potential interest rate cuts and the possible implications of tax, tariff, and reshoring policies under a potential Trump re-election.
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| 2024-07-02 | -0.17 % |
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| 2024-06-28 | +6.69 % |
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| 2024-06-18 | +1.25 % |
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| 2024-06-13 | -1.83 % |
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| 2024-06-10 | +1.46 % |
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| 2024-06-07 | +1.49 % |
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| 2024-06-04 | -2.39 % |
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| 2024-05-31 | +1.88 % |
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| 2024-05-24 | +1.1 % |
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| 2024-05-21 | +1.43 % |
- The article discusses concerns about excessive executive compensation at Medallion Financial, highlighting issues with the management's pay structures as it does not align with the company's stock performance or valuation, leading to a downstream impact on stockholders; and ZimCal, a major investor in Medallion Financial, is pushing for changes in the board and management team, stressing that every dollar going to excessive pay takes away from stockholders and proposing nominees to address the compensation structure to better align with core business performance, raising concerns expressed by ZimCal likely caused the stock price of Synchrony Financial(SYF) to go up by 1.43%.
- The article discusses concerns about the compensation structure at Synchrony Financial (SYF) and highlights the efforts of ZimCal Asset Management, LLC to bring about changes in the company's board of directors to address the disconnect between executive compensation and stock performance, with the rationale that excessive pay takes away from stockholders. This activism by ZimCal has led to increased stockholder support and a push for new, qualified board members to potentially unlock value for the company. SYF stock went up last night by 1.43%, likely reflecting investor optimism surrounding potential changes and improvements in the company due to these developments.
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