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Posted by
Two Blokes Jul 22 -
Filed in
Stock
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Synchrony Financial delivered a strong Q2, with EPS up 61% and credit costs sharply lower, easing fears of a consumer credit downturn. Loan balances and purchase volumes dipped, signaling more cautious consumer behavior, but credit metrics and delinquencies improved beyond expectations. Guidance now reflects flat loan growth and higher retail share agreement costs, offsetting much of the benefit from better credit performance.
