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Sep 30, 2024
Synchrony Q3 2024 Earnings Report
Synchrony's third quarter results reflected focus on driving value through evolving market conditions.
Key Takeaways
Synchrony Financial reported net earnings of $789 million, or $1.94 per diluted share, for the third quarter of 2024. The results reflect the company's focus on providing responsible access to credit and driving value for stakeholders through evolving market conditions. Loan receivables increased, and capital was returned to shareholders through share repurchases and dividends.
Net earnings increased to $789 million, or $1.94 per diluted share.
Loan receivables increased 4% to $102.2 billion.
Capital returned to shareholders totaled $399 million, including $300 million in share repurchases.
Purchase volume decreased 4% to $45.0 billion.
Synchrony
Synchrony
Forward Guidance
No specific forward guidance was provided in the document.