Synchrony Financial Sees Resilient Spending, Reaffirms Receivables Growth Outlook

Key Points Interested in Synchrony Financial? Here are five stocks we like better. Consumer spending remains resilient: Synchrony reported high-single-digit purchase-volume growth early in the third quarter, with super-prime and prime customers leading. Some larger-ticket categories, including outdoor, furniture, and health and wellness, remain under pressure. Credit performance is stable but expected to mature: Delinquency entry rates remain better than 2018–19 levels, though losses are expected to rise as newer accounts season. Synchrony continues to selectively expand credit and is operating slightly below its long-term 5.5%–6% net charge-off framework.