Synchrony Financial (NYSE:SYF) shares traded 6.06% higher at $56.52 on Wall Street last session.
SYF stock price is now 15.59% away from the 50-day moving average and 27.24% away from the 200-day moving average. The market capitalization of the company currently stands at $22.34B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On August 09, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $54, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, Wenzel Brian J. Sr., insider sold 74,698 shares of the company’s stock on Aug 19 ’24. The stock was sold for $3,490,638 at an average price of $46.73. Upon completion of the transaction, the insider now directly owns 76,251 shares in the company, valued at $4.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Officer Wenzel Brian J. Sr. bought 74,698 shares of the business’s stock. A total of $3,490,638 was incurred on buying the stock at an average price of $46.73. A total of 0.67% of the company’s stock is owned by insiders.
During the past 12 months, Synchrony Financial has had a low of $27.30 and a high of $54.79. According to the stock market information, the enterprise value for the company is $20573118464, which is based on a 7.37 price-to-earnings ratio, a 0.19 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for SYF is $48.6526 and a two-hundred day moving average price translates $44.3297 for the stock.
The latest earnings results from Synchrony Financial (NYSE: SYF) was released for 2024-06-30. The net profit margin was 15.08% and return on equity was 21.14% for SYF. The company reported revenue of $5.58 billion for the quarter, compared to $5.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.17 percent.
