financetom
Business
financetom
/
Business
/
Synchrony Financial Delinquency, Net Charge-Off Rates Rise in June
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Synchrony Financial Delinquency, Net Charge-Off Rates Rise in June
Jul 17, 2024 8:42 AM

11:22 AM EDT, 07/17/2024 (MT Newswires) -- Synchrony Financial ( SYF ) said in a Wednesday filing that its over 30-day loan delinquencies as a percentage of period-end loan receivables rose to 4.5% at the end of June from 3.8% a year earlier, while the net charge-off rate for June increased to 6.1% from 4.7%.

The company attributed the increases to the "continued impact of moderation in customer payment rates."

Price: 52.03, Change: +0.31, Percent Change: +0.61

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Select Water Solutions Q2 Earnings, Revenue Fall
Select Water Solutions Q2 Earnings, Revenue Fall
Aug 6, 2025
05:29 AM EDT, 08/06/2025 (MT Newswires) -- Select Water Solutions ( WTTR ) reported Q2 earnings late Tuesday of $0.10 per diluted share, down from $0.13 a year earlier. Four analysts surveyed by FactSet expected $0.13. Revenue for the quarter ended June 30 was $364.2 million, down from $365.1 million a year earlier. Analysts polled by FactSet expected $366.7 million....
International General Insurance's Q2 Core Operating Earnings, Revenue Fall
International General Insurance's Q2 Core Operating Earnings, Revenue Fall
Aug 6, 2025
05:30 AM EDT, 08/06/2025 (MT Newswires) -- International General Insurance Holdings ( IGIC ) reported Q2 core operating earnings Tuesday of $0.51 per diluted share, down from $0.74 a year earlier. An analyst polled by FactSet expected $0.55. Revenue for the quarter ended June 30 was $132.9 million, compared with $135.6 million a year earlier. Analysts' estimates were not readily...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
AMD, Super Micro shares slide as AI bets falter on data center results miss
AMD, Super Micro shares slide as AI bets falter on data center results miss
Aug 6, 2025
(Reuters) -Shares of chip company Advanced Micro Devices and server maker Super Micro Computer tumbled in premarket trading on Wednesday after the companies posted underwhelming results in their data center segments, shaking investor confidence in their AI growth narratives. AMD dropped nearly 5%, while Super Micro plummeted about 17%. The selloff comes as chipmakers face mounting headwinds, including weak demand,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved