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Is Synchrony Financial Stock a Buy?

TheMotleyFool

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The COVID-19 environment hasn't been particularly kind to bank stocks, with low interest rates and fears of defaulting inducing a strong sell-off. Other types of financial stocks, specifically those related to e-commerce, are doing much better.

Synchrony Financial (NYSE: SYF) is a combination of these two, a consumer bank mixed with a fintech platform that gives it a differentiated model. So while the stock price has suffered, the business is in a pretty safe place. Does that make this the right time to buy shares?

Image source: Getty Images.

Source Fool.com

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