Synchrony Financial: Comparing The 2 High Yielding Preferred Shares

Jeremy LaKosh
5.53K Followers

Summary

  • Synchrony Financial recently issued a Series B preferred share yielding above 8%.
  • Synchrony Financial's profitability has been impacted by higher operating expenses and credit losses.
  • Series B preferred shares offer fixed dividends until reset in 2029, with the potential for lower rates in the future.

Synchrony Office Building, Charlotte

J. Michael Jones

Introduction

Synchrony Financial (NYSE:SYF) is a depositor bank that specializes in consumer lending. Back in January, I wrote about the income opportunities associated with the bank's Series A preferred shares (SYF.PA) and long-term debt. Since that article,

This article was written by

5.53K Followers
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds.  I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SYF.PR.A either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About SYF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on SYF

Related Stocks

SymbolLast Price% Chg
SYF
--
SYF.PR.A
--
SYF.PR.B
--