Synchrony's PayPal Partnership Helping Fill Void Left by Walmart
Kicking off 2019, Synchrony Financial reported no significant surprises. The company earned $1.56 per diluted share in its first quarter. Though this represents 88% growth, much of that was attributable to a $0.56 per share reserve release related to the pending loss of Walmart. Even excluding those nonrecurring gains, Synchrony would have realized impressive earnings growth, advancing 20% from the previous year. Over the past year, Synchrony has increased total receivables by 3%. Excluding Walm...Synchrony Financial is a savings and loan holding company and financial holding company. Through its subsidiaries, the company delivers a range of financing programs, as well as consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. The company provides a range of credit products through its financing programs which it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which it refers to as its partners. Through its partners, the company provides their customers a variety of credit products to finance the purchase of goods and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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