Synchrony Financial Reports Better Than Expected Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/SYF'>Synchrony Financial (NYSE:SYF)</a> reported its Q1 results on Wednesday, with EPS of $1.35 coming in worse than the Street estimate of $1.49. Revenue was $3.2 billion, beating the Street estimate of $3.14 billion, driven by a growth provision that was a modest drag on EPS.</p>
<p>Analysts at RBC Capital view the quarterly results as solid with seasonally lower but decent loan trends, manageable credit, and controlled expenses.</p>
<p>The company raised the loan growth outlook, and overall guidance calls for more normalized operating fundamentals and credit as we move through the year.</p>

NYSE:SYF