$Synchrony Financial (SYF.US)$🎯 As of August 21, 2023, the ...

New data: 2023 Q1 and Q2

In the first half of 2023, revenue increased by 14.6%, with interest income growing by 7.6%. Non-interest losses also narrowed, but crediting loss reserves increased significantly by 114% to reach 2.67 billion, resulting in a 32.6% decline in net income.

Currently, the pe is 5.4, the trailing pe ratio has increased to 6. If net income declines by 33% for the whole year, the pe ratio will reach 8.1. Calculated based on the 5-year average net income of 2.88 billion, the pe ratio would be 4.8. The current dividend yield is 2.8%. Overall, it may be prudent to increase positions cautiously (⭐️).