Synchrony Financial (SYF) Tops Q1 EPS by 11c

Synchrony Financial (NYSE: SYF) reported Q1 EPS of $1.00, $0.11 better than the analyst estimate of $0.89.

• Synchrony Financial today announced first quarter 2019 net earnings of $1.1 billion, or $1.56 per diluted share; this includes a $522 million pre-tax, $395 million after-tax, or $0.56 per diluted share benefit from reserves released related to the reclassification of the Walmart portfolio to loans held for sale during the quarter.

For earnings history and earnings-related data on Synchrony Financial (SYF) click here.

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