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 Barclays Financial Services Conference (Virtual) Transcript

Sep 13, 2021 / 01:45PM GMT

Release Date Price: $27.04 (-0.29%)

Transcript

Mark C. DeVries

Barclays Bank PLC, Research Division - Director & Senior Research Analyst

Good morning, everyone. Thank you for joining us for this fireside chat with Synchrony's CFO, Brian Wenzel. We have a number of prepared questions we're going to be going through (Operator Instructions).

We have also prepared a number of audience polling questions that we would encourage you to answer during the presentation. And we'll be publishing the results in our report summarizing the takeaways from the conference. With that out of the way, let's get to the discussion.

Questions & Answers

Mark C. DeVries

Barclays Bank PLC, Research Division - Director & Senior Research Analyst

Brian, thank you for joining us. I wanted to start with an update on the environment. You provided some good commentary on 3Q, on your Investor Day last week, indicating that purchase volume would be in the mid-teens, down from 30% plus in 2Q. So can you maybe provide some additional color on what you're seeing around that and what that means for loan growth?

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