Synchrony Financial (SYF) tumbled to the bottom of the S&P 500 today after missing earnings forecasts by a wide margin thanks to a bigger-than-expected jump the amount of money set aside to cover bad loans.
Synchrony Financial dropped 16% to $27.80, while the S&P 500 declined 02% to 2,384.20.
Jefferies analyst John Hecht and team write that they’d be buyers of Synchrony Financial’s shares on the weakness:
April 29, 2017 at 02:32AM
from Ben Levisohn
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