Synchrony Financial's Second Quarter Points to Better Credit Performance
Shares of Synchrony Financial (NYSE: SYF) notched a 4.5% gain on Friday after its second-quarter earnings report showed only a modest increase in charge-offs after a rapid increase in losses in the first quarter. While credit losses may be elevated compared to last year, these most recent results suggest that credit performance is merely "normalizing," as opposed to being a warning signal about further significant growth in defaults and losses.
Metric
2Q 2017
Source: Fool.com
Capital One Financial Stock
€125.00
-0.790%
Our community is currently high on Capital One Financial with 10 Buy predictions and 5 Sell predictions.
However, we have a potential of -4.8% for Capital One Financial as the target price of 119 € is below the current price of 125.0 €.
