Company
Synchrony Financial
Headquarters: Stamford, CT, United States
Founded: September 12, 2003
Employees: 18,000
CEO: Mr. Brian D. Doubles
Market Cap
$15.50 Billion
USD as of Jan. 1, 2024
Synchrony Financial Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Company Description
Synchrony Bank is the digital bank of Synchrony Financial, which is specialized in consumer financial services. Through Synchrony Bank, it provides a range of consumer financing products and services including, credit, installment lending, and consumer savings products. It is also one of the largest providers of private label credit cards for promotional financing and loyalty programs for US brands.
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $530.20 B |
| Mastercard | $392.71 B |
| American Express | $136.38 B |
| PayPal | $63.02 B |
| Capital One Financial Corporation | $49.78 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; healthcare payments and financing solutions under the CareCredit, Pets Best, and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries; and point-of-sale consumer financing for audiology products and dental services. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, powersports, jewelry, pets, and other industries. Synchrony Financial was founded in 1932 and is headquartered in Stamford, Connecticut.
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Stocks & Indices
Synchrony Financial has the following listings and related stock indices.
Stock: NYSE: SYF wb_incandescent
Stock: BMV: SYF wb_incandescent
Stock: Bovespa: S1YF34 wb_incandescent
Stock: FSX: SFE wb_incandescent
Stock: Munich: SFU wb_incandescent
Stock: NYSE: SYF-A wb_incandescent
Stock: XETR: SFE wb_incandescent
Product & Services
Credit cards Payment systems
Key People
Margaret M. Keane (Executive Chairman) Brian Doubles (CEO)
Financials
Revenue: US$14.8 billion (2018)
Net income: US$4.21 billion (2021)
Total assets: US$95.748 billion (2021)
Total equity: US$13.655 billion (2021)