Synchrony Financial (NYSE:SYF) reached an all-time high stock price of $70.94, reflecting a strong 48.73% return over the past year. With a market cap of $26.89 billion and a P/E ratio of 9.49, the consumer banking-focused company is demonstrating solid financial health amid a dynamic economic environment. This milestone underscores Synchrony’s ongoing growth and strategic adaptability.
Recent Developments
Truist Securities raised its price target for Synchrony to $68 from $63, maintaining a Hold rating following updated earnings per share forecasts for 2025 and 2026.
Synchrony also announced a strategic partnership with OnePay to issue exclusive credit cards for Walmart (NYSE:WMT), reintegrating Walmart’s credit card business through Mastercard’s (NYSE:MA) network—marking a return after losing the account to Capital One (NYSE:COF) in 2018.
Additionally, Synchrony teamed up with Jewelers Mutual to offer combined financing and insurance services to jewelry retailers, aiming to improve customer buying experiences.
An analysis by Citizens JMP highlighted Synchrony’s successful positioning in the competitive Buy Now/Pay Later (BNPL) space, with its in-house BNPL platform gaining momentum among retail partners.
These strategic moves reinforce Synchrony Financial’s commitment to expanding its product offerings and strengthening market presence.
Synchrony Financial stock price
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