other material
confidence high
sentiment negative
materiality 0.60
Synchrony Nov 2024 credit metrics: 30+ delinquencies at 4.9%, net charge-offs at 6.2%, both up YoY
Synchrony Financial
- Period-end loan receivables $102.9B; 30+ delinquency rate 4.9% vs 4.7% a year ago.
- Net charge-off rate 6.2% vs 5.6% a year ago; adjusted net charge-off rate also 6.2%.
- YoY increases attributed to continued moderation in customer payment rates.
- Average loan receivables for month ended Nov 30, 2024: $101.8B.