SYF (Synchrony Financial) Financial Strength (2024)

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SYF (Synchrony Financial) Financial Strength? ›

Synchrony Financial has the Financial Strength Rank of 4.

According to Smartkarma Smart Scores, Synchrony Financial has a positive long-term outlook. The company received high scores in resilience and growth, indicating that it is well-positioned to weather economic challenges and continue expanding its business.

Synchrony Financial's threat of distress is less than 3% at the present time. It is unlikely to undergo any financial straits in the next 24 months.

Synchrony Bank's deposit accounts are insured by the Federal Deposit Insurance Corp. (FDIC) up to the legal limit of $250,000 per depositor, per account ownership category.

Synchrony Financial has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is.

Synchrony Bank ordered to pay more than $3 million to resolve civil enforcement action involving frequent or harassing calls to consumers.

We give Synchrony Bank 4.4 out of 5 stars after evaluating factors including its branch availability, account fees, interest rates and customer support. The bank scores highest for its CDs, savings account and overall experience and access. *Ratings are determined by our editorial review team.

SYF Stock 12 Month Forecast

Based on 16 Wall Street analysts offering 12 month price targets for Synchrony Financial in the last 3 months. The average price target is $51.63 with a high forecast of $62.00 and a low forecast of $37.00.

Synchrony Bank Basics. Founded in 1932 as GE Capital Retail Finance, Synchrony Bank is a division of Synchrony Financial, the largest provider of private-label credit cards in the U.S. Here's a look at its personal banking products.

Is Synchrony Bank at risk of collapse? ›

Fitch Ratings - New York - 05 Apr 2024: Fitch Ratings has affirmed all of Synchrony Financial's (SYF) and subsidiaries' ratings including its Long-Term Issuer Default Ratings (IDRs) at 'BBB-'. The Rating Outlook is Positive.

More about Synchrony: Synchrony Bank is owned by Synchrony Financial, a Stamford, Connecticut-based consumer financial services company.

Synchrony hasn't admitted any wrongdoing but agreed to a $2.6 million class action lawsuit to resolve these TCPA allegations. Under the terms of the Synchrony Bank settlement, class members can receive an equal share of the net settlement fund.

Synchrony has an overall rating of 4.2 out of 5, based on over 2,444 reviews left anonymously by employees. 84% of employees would recommend working at Synchrony to a friend and 82% have a positive outlook for the business. This rating has been stable over the past 12 months. Does Synchrony pay their employees well?

Currently, the FDIC insures 3,500 financial institutions, which make up half of the banks and savings associations in the U.S. If you are a deposit account holder with Synchrony Bank, your money is backed by the FDIC.

Synchrony's quarterly net interest income rose to $4.41 billion up from $4.12 billion last year. The Stamford, Connecticut-based company's net income available to common stockholders came in at $624 million or $1.55 per share in the three months ended June 30, compared to $559 million or $1.32 per share last year.