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COMPANY BENCHMARKING • UNITED STATES

Synchrony Financial - Company Profile

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Synchrony Financial - Overview

Brands
CareCredit, Synchrony
Description
Synchrony Financial is a public company headquartered in Connecticut with an estimated 18,000 employees. In the US, the company has a notable market share in at least two industries: Credit Card Issuing, Medical Patient Financing and Credit Card Issuing. Their largest market share is in the Medical Patient Financing industry, where they account for an estimated 18.4% of total industry revenue.
Company Details

Registered Name: Synchrony Financial

Company Type: Operating

Exchange: NYSE

Headquarters: 777 Long Ridge Road Stamford CT 06902-1250

Website: https://www.synchronybank.com/

Employees: 18000

Synchrony Financial - Operating Industries and Main Competitors

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Synchrony Financial - Products and Services

  • Credit Card Issuing in the US

  • Of the 4 core revenue-generating products and services in the Credit Card Issuing in the US industry, Synchrony Financial offers:
    • Cardholder fees
  • Medical Patient Financing

  • Of the 5 core revenue-generating products and services in the Medical Patient Financing industry, Synchrony Financial offers:
    • Cosmetic and dermatology care financing
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Synchrony Financial - Analyst Insights

Synchrony announced organizational changes to facilitate growth strategy in 2021

In 2021, Synchrony released an announcement that stated that it was making changes in its organizational methods to integrate its resources with customer expectations while ensuring products are delivered to market faster. This move accelerates the company’s growth strategies with the diversification of product offerings and its digitally enabled financing and payments. In the announcement, the company specified the changes will include aligning the partner portfolios, establishing a growth organization to scale products and combining its technology and operations teams.

COVID|Balance Sheet|Structural|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Synchrony Financial - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Synchrony Financial's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Credit Card Issuing in the US, and Medical Patient Financing industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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