Synchrony Sees Improving Credit Metrics, Digital Payments 65% of Total
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2021-10-19 17:30
Synchrony Sees Improving Credit Metrics, Digital Payments 65% of Total
Synchrony Financial posted third-quarter results Tuesday (Oct. 19) that showed improving credit metrics, a ramp-up in consumer spending and increased traction in digital channels. In terms of the headline numbers, adjusted earnings of $1.67 per share topped the Street at $1.49 a share. The consolidated top line was $3.7 billion on an adjusted basis, a bit better than the Street at $3.6 billion. The company said that its average active accounts was up 5% to 67.2 million, while new accounts surged by 17% to 6.

https://www.pymnts.com/earnings/2021/synchrony-sees-improving-credit-metrics-digital-payments-65-pct-total/

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