Synchrony Financial (SYF)

Synchrony Financial provides a range of credit products through financing programs established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The company primarily offers private label, Dual Card, co-brand and general purpose credit cards, as well as short- and long-term installment loans, and FDIC-insured savings products offered through its subsidiary, Synchrony Bank. It conducts operations through a single business segment and single reporting unit, and primarily conducts business within the United States, with substantially all revenues derived from U.S. customers.

Its loan receivables consist primarily of open-end consumer revolving credit card accounts, closed-end consumer installment loans, and open-end commercial revolving credit card accounts, generated through partnerships with retail partners and other merchant relationships. The company also holds an equity method investment in Independence Pet Holdings, Inc., reflecting some diversification beyond its core credit card and lending business. Its customer base consists of consumers who use its credit and financing products for purchases at partner retailers and service providers, and its revenues are largely derived from interest, fees, and related charges on these loan products.