Synchrony Financial's Second Quarter Points to Better Credit Performance

Shares of Synchrony Financial (NYSE: SYF) notched a 4.5% gain on Friday after its second-quarter earnings report showed only a modest increase in charge-offs after a rapid increase in losses in the first quarter. While credit losses may be elevated compared to last year, these most recent results suggest that credit performance is merely "normalizing," as opposed to being a warning signal about further significant growth in defaults and losses.

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2Q 2017

Source: Fool.com