Synchrony Financial Reports Q1 Beat, Announces Share Repurchase Program of $2.8 Billion, Raises Dividends
<p><a href='https://financialmodelingprep.com/financial-summary/SYF'>Synchrony Financial (NYSE:SYF) </a>reported its Q1 results, with EPS of $1.77 coming in better than the Street estimate of $1.54. Q1 was a good quarter for the company, as revenues beat, loan gr. came in higher, and expenses were lower than expected, all while credit remains manageable.</p>
<p>Expenses, which were a focus last quarter, came in below Street expectations, with total 2022 expenses now expected to be up 5.7% year-over-year.</p>
<p>The company also announced an incremental share repurchase program of $2.8 billion, and a quarterly cash dividend increase from $0.22 to $0.23 per share.</p>

NYSE:SYF