secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001601712-24-000340
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Financial Oct 2024 credit stats: 30+ delinquency rate 4.9%, net charge-off rate 6.2%
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- Period-end loan receivables $102.3B; average loan receivables $101.7B for the month.
- 30+ delinquency rate 4.9% at Oct 31, 2024, up from 4.6% a year ago.
- Net charge-off rate (annualized) 6.2% for Oct 2024, vs. 5.4% in Oct 2023.
- Adjusted net charge-off rate 6.4%, reflecting recovery allocation adjustments.
- YoY increases attributed to continued moderation in customer payment rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000340/0001601712-24-000340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000340/syf-20241115.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000340

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