Synchrony Financial (NYSE:SYFpA.PFD)

$ 18.96 -0.29 (-1.52%) Market Cap: - Enterprise Value: - PE Ratio: 8.70 PB Ratio: 1.76 GF Score: 84/100

Synchrony Financial at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 10, 2019 / 06:30PM GMT

Release Date Price: $25.38 (+0.04%)

Transcript

Ryan Matthew Nash

Goldman Sachs Group Inc., Research Division - MD

Up next, we're excited to have Synchrony Financial. It's been another busy year for Synchrony as they successfully renewed several key partners at the start of the year, effectively transitioned away from another and returned significant amounts of capital along the way. The combination of these have resulted in shares advancing 60% as of Friday's close, the best-performing stock in our coverage. Here to tell us more about the strategy, once again, is President and CEO, Margaret Keane; and joining us for the first time is Chief Financial Officer, Brian Wenzel. Today's presentation is going to be a fireside chat.

Questions & Answers

Ryan Matthew Nash

Goldman Sachs Group Inc., Research Division - MD

So Margaret, maybe we'll just start off with the state of the consumer. While we are seeing some weakness on the commercial side, as we've heard from others, mixed signals from some of the home improvement retailers, which are obviously clients of yours, it seems that consumer is still very

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