Synchrony Financial

SYF: XNYS (USA)
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Synchrony Earnings: Stabilizing Credit Costs Support Earnings, but Loan Growth Comes In Light

Synchrony Financial reported solid first-quarter results, with earnings per share rising to $1.89 from an adjusted $1.18 last year. This quarter's net income was supported by a $97 million credit reserve release and translates to an 18.4% return on equity.

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