other
confidence high
sentiment neutral
materiality 0.50
Synchrony Oct credit stats: 30+ delinquency 4.5%, adj. NCO 5.3%
Synchrony Financial
- Period-end loans $100.4B vs $100.2B in Sep; 30+ delinquency 4.5% (Sep: 4.4%, Oct 2024: 4.9%).
- Net charge-off rate (annualized) 5.0% vs 5.3% in Sep and 6.2% year ago.
- Adjusted net charge-off rate 5.3% vs 5.1% in Sep; recovery adjustment added 0.3%.
- Charge-off cycle dates varied: credit card portfolio had 28 dates in Oct vs 28 in Sep.