Why Synchrony Financial (NYSE: SYF) Stock Shouldn’t Be Sold In 2024

In the last trading session, 4.03 million Synchrony Financial (NYSE:SYF) shares changed hands as the company’s beta touched 1.61. With the company’s per share price at $39.92 changed hands at -$0.55 or -1.36% during last session, the market valuation stood at $16.24B. SYF’s last price was a discount, traded about -9.79% off its 52-week high of $43.83. The share price had its 52-week low at $26.59, which suggests the last value was 33.39% up since then. When we look at Synchrony Financial’s average trading volume, we note the 3-month average coming to 4.42 million.

Synchrony Financial (NYSE:SYF) trade information

Instantly SYF was in red as seen at the end of in last trading. With action -5.69%, the performance over the past five days has been red. The drop to weekly highs of 41.86 subtracted -1.36% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.53%, with the 5-day performance at -5.69% in the red. However, in the 30-day time frame, Synchrony Financial (NYSE:SYF) is -4.45% down.

Synchrony Financial (SYF) estimates and forecasts

Data shows that the Synchrony Financial share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 38.28% over the past 6 months, a 6.74% in annual growth rate that is considerably lower than the industry average of 11.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.75%. The 2024 estimates are for Synchrony Financial earnings to increase by 7.87%, but the outlook for the next 5-year period is at 13.00% per year.

SYF Dividends

Synchrony Financial is expected to release its next quarterly earnings report on April 24. The 2.45% annual yield figure for the share gives it an annual dividend of 0.98. It is important to note, however, that the 2.45% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.