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10 Best Bank Stocks for Dividends - Insider Monkey

10 Best Bank Stocks for Dividends The COVID-19 pandemic was an unexpected event that led to an economic recession, causing widespread concern and global shock. The banking industry was not immune to this. According to McKinsey, the problems caused by the pandemic for the banking industry would unfold in two stages. The first stage would be significant credit defaults, which will last until late 2021. And in the second stage, amid a sluggish global expansion, banks will face a substantial risk to continuing activities, which may last until 2024. Around 2020 and 2024, $1.5 trillion to $4.7 trillion in accumulated sales could suffer, depending upon several factors including risk, global recovery and overall economic situation.

Synchrony Financial (SYF) Q1 2021 Earnings Call Transcript

Operator Welcome to the Synchrony Financial First Quarter 2021 Earnings Conference Call. My name is Vanessa, and I will be your operator for today s call. [Operator Instructions] I will now turn the call over to Jennifer Church, Vice President of Investor Relations. You may begin. Jennifer Church Vice President of Investor Relations Thank you, and good morning, everyone. Welcome to our quarterly earnings conference call. In addition to today s press release, we have provided a presentation that covers the topics we plan to address during our call. The press release, detailed financial schedules, and presentation are available on our website, synchronyfinancial.com. This information can be accessed by going to the Investor Relations section of the website.

New Synchrony CEO: We have never been in a stronger position

New Synchrony CEO: We have never been in a stronger position
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Is Synchrony Financial a Buy? | The Motley Fool

Author Bio Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He s covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014. Follow @dhkovaleski The major credit card issuers those that loan the money for credit card purchases had a difficult year in 2020. The primary reasons were the pandemic and the resulting recession, which caused people to lose their jobs, businesses to shut down, and spending to slow dramatically. All of these things reduce the amount of money that people spend using credit cards.

Synchrony Financial s Earnings Reveal Its Opportunities and Challenges in 2021

Synchrony Financial (NYSE:SYF) has never quite lived up to its promise following its spin-off from GE s financing unit in July 2014. In its brief history as an independent credit card issuer that teams up with retail consumer brands, the company has woefully trailed the S&P 500 index, with shares chalking up a total return of just 66% since Synchrony s initial public offering, versus a 115% total return for the S&P 500 over the same time period. Synchrony first encountered turbulence after losing its co-branded Walmart credit card business to Capital One in 2018, although it did retain its Sam s Club (a Walmart subsidiary) card relationship in 2019 as the portfolio transition was finalized. And in 2020, COVID-19 greatly impacted the company s ability to generate earnings off its book of consumer loans. Its fourth-quarter 2020 earnings, released Friday, show a slow recovery from the effects of the pandemic. But will this be enough to spark more vibrant share-price growth? Let

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