SYF Ties Up to Offer Two Credit Cards: Higher Net Interest Income Ahead? – June 10, 2025
From Zacks Investment Research: 2025-06-10 14:16:00
Synchrony Financial and OnePay are teaming up to launch new Mastercard-powered credit cards for Walmart shoppers, offering a general-purpose card and a Walmart-exclusive card through the OnePay app. The goal is to increase sales and returns for SYF by providing flexible financing options. The program is expected to launch this fall, providing millions of Walmart customers with easy payment options in-store and online. American Express and Capital One, SYF’s competitors, are also seeing growth in net interest income from expanding loan portfolios. SYF’s stock has risen 42.6% in the past year, outperforming the industry. With a low forward P/E ratio and positive estimate revisions, SYF presents a strong investment opportunity.
Read more at Zacks Investment Research: SYF Ties Up to Offer Two Credit Cards: Higher Net Interest Income Ahead? – June 10, 2025