secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001601712-24-000381
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Nov 2024 credit metrics: 30+ delinquencies at 4.9%, net charge-offs at 6.2%, both up YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000381/0001601712-24-000381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000381/syf-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000381

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