Synchrony to Participate in Morgan Stanley's U.S. Financial Services Conference

Deep News
06/03

Synchrony recently announced that its Chief Financial Officer, Brian J. Wenzel, will attend the Morgan Stanley U.S. Financial Services Conference and participate in a fireside chat at the event. The session is scheduled for Tuesday, June 9, 2026, at 7:30 a.m. Eastern Time.

The fireside chat will be webcast live on the Synchrony investor relations website, and a replay will be available after the event concludes. As a leading U.S. consumer financial services company, Synchrony specializes in providing products such as credit cards, consumer loans, and health savings accounts. Through alliance programs with partners like retailers and healthcare providers, it offers financial services to tens of millions of consumers. The company was recently ranked number one on Fortune magazine and Great Place to Work Institute's list of America's Best Employers.

This conference participation follows the company's release of its 2026 first-quarter financial results. The report showed adjusted earnings per share of $2.27 for the quarter, representing a 20.1% year-over-year increase. Net interest income reached $4.64 billion, up 3.8% compared to the prior year. Purchase volume set a quarterly record of $43.0 billion, a 5.6% increase. Regarding capital return, the company returned $1.0 billion to shareholders during the quarter, consisting of $900 million in share repurchases and $104 million in dividends. It also approved a new $6.5 billion share repurchase program and plans to increase its quarterly dividend by 13% to $0.34 per share starting in the third quarter of 2026.

Synchrony has reaffirmed its full-year 2026 guidance, expecting end-of-period loan receivables to grow at a mid-single-digit rate. Full-year earnings per share are projected to be between $9.10 and $9.50. The market will be watching for any additional information Wenzel may provide during the conference regarding loan growth prospects, credit trends, and capital allocation strategy.

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