1. Synchrony Second Quarter Net Earnings of $48 Million or $0.06 Per Diluted Share

    Synchrony Second Quarter Net Earnings of $48 Million or $0.06 Per Diluted Share

    STAMFORD, Conn. , July 21, Synchrony Financial (NYSE: SYF ) today announced second quarter 2020 earnings results amid the continuing Coronavirus (COVID-19) pandemic. Synchrony reported second quarter 2020 net earnings of $48 million , or $0.06 per diluted share; this includes an increase in the provision for credit losses as a result of CECL implementation earlier this year of $483 million , or $365 million after tax, which equates to an EPS reduction of $0.63...

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