Synchrony Financial

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Other Pre-Announcement

Synchrony Reports First Quarter Net Earnings Of $1.0 Billion Or $1.73 Per Diluted Share

Published: 04/27/2021 10:50 GMT
Synchrony Financial (SYF) - Synchrony Reports First Quarter Net Earnings of $1.0 Billion Or $1.73 per Diluted Share.
Q1 Earnings per Share $1.73.
Gap Inc. Program Agreement Will Not Be Renewed and Will Expire in April 2022.
Expect Strategic Options on Gap Program Will Be Accretive to Diluted Earnings per Share Relative to Renewal Terms.
If Gap Portfolio is Sold, Co Expects to Redeploy Approximately $1 Billion of Capital.
Q1 Earnings per Share View $1.38 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Net Interest Income Decreased $451 Million, Or 12%, to $3.4 Billion, Mainly Due to Lower Finance Charges and Late Fees.