Synchrony Financial Stock Surges on Blowout Q3 Earnings and $1B Buyback Plan
Synchrony Financial’s stock has rallied on these strong fundamentals. After closing near $72.84 on Oct. 14, shares ticked up in early trading on Oct. 15 (around $74) as investors digested the blowout results reuters.com marketbeat.com. The company’s Q3 beat was driven by tighter credit management and robust online spending, giving shareholders confidence. “Synchrony’s third-quarter performance was highlighted by a return to purchase volume growth… and continued strength in our credit performance,” said CEO Brian Doubles benzinga.com, echoing industry-wide trends of healthy consumer payments. The earnings report showed earnings per share of $2.86, well above the $2.22 analysts expected marketbeat.com finimize.com.