Synchrony Financial Record Purchase Volume May Boost Second-Half Earnings

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Synchrony Financial reported record purchase volume of $49.8 billion in the second quarter of 2026, up 8% year over year, with growth across all five sales platforms and acceleration to 11% in June. Co-branded card purchase volume jumped 23% and accounted for 52% of total purchase volume, while the company added or renewed more than 15 partners during the quarter. Management expects stronger purchase volume to overcome elevated payment rates and lift loan receivables and earnings in the second half. Peers American Express and Capital One also benefited from strong card spending, with billed business rising 9% to $455.8 billion at American Express and purchase volume up 15% to $249.2 billion at Capital One. Synchrony shares have risen 9.1% over the past year, and the stock trades at a forward price-to-earnings ratio of 7.96 times versus the industry average of 17 times, with a Zacks Rank of 3, or Hold.

Impact on stocks 3

Financials▲ · 2 stocks
Synchrony Financial
SYF
▲ PositiveDemandrelevance

Synchrony reported record purchase volume of $49.8 billion, up 8% year over year, with growth across all platforms.

Digital Finance & Tokenization▲ · 1 stocks
American Express Company
AXP
▲ PositiveDemandrelevance

American Express reported billed business up 9% to $455.8 billion, indicating strong card spending.

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