Synchrony Financial Sinks on Drop in Net Interest Income
Synchrony Financial Sinks on Drop in Net Interest Income
Shares of Synchrony Financial( SYF ) - Get Reportwere sinking 9.8% to $32.65 Friday after the credit card services company reported mixed fourth-quarter results.
的股份Synchrony Financial(SYF(路透社)-Get Report週五下跌9.8%,至32.65美元,此前這家信用卡服務公司公佈了喜憂參半的第四季度業績。
The Stamford, Connecticut-based company reported earnings of $731 million, or $1.15 a share, compared with $783 million, or $1.09, a year earlier. Adjusted earnings for the latest quarter came to $1.10 a share, beating analysts' estimates of $1.07.
這家總部位於康涅狄格州斯坦福德的公司公佈的收益為7.31億美元,合每股1.15美元,而去年同期為7.83億美元,合每股1.09美元。最近一個季度的調整後收益為每股1.10美元,超過了分析師預期的1.07美元。
Provision for loan losses totaled $1.1 billion, missing calls for $1.25 billion. Revenue totaled $3.1 billion, short of Wall Street's estimate for $3.15 billion.
貸款損失準備金總計11億美元,低於12.5億美元的要求。總收入為31億美元,低於華爾街預測的31.5億美元。
Net interest income fell 7.3% to $4.03 billion and was related to the Walmart consumer portfolio sale.
淨利息收入下降7.3%,至40.3億美元,與沃爾瑪消費者投資組合銷售。
In November 2018, Walmart( WMT ) - Get Reportfiled a lawsuit against the bank that alleged it breached the terms of their long-running credit-card deal. The world's largest retailer was seeking damages of at least $800 million. Synchrony called the suit “baseless." In January 2019, Walmart agreed to drop the lawsuit.
2018年11月,沃爾瑪(Walmart)(WMT)-Get Report對該銀行提起訴訟,指控其違反了他們長期運營的信用卡交易的條款。這家全球最大的零售商要求賠償至少8億美元。Synchrony稱這起訴訟是“毫無根據的”。2019年1月,沃爾瑪同意撤銷訴訟。
Deposits were $65.1 billion, up 2% from the year-ago quarter. Provision for loan loss fell 24% year over year to $1.1 billion primarily driven by lower core reserve build and reduction in net charge-offs.
存款為651億美元,比去年同期增長2%。貸款損失撥備同比下降24%,至11億美元,主要是由於核心準備金積累減少和淨沖銷減少所致。
Purchase volume was flat at $40.2 billion, but up 7% on a core basis.
購買量持平於402億美元,但在核心基礎上增長了7%。
“2019 marked another year of significant transformation for Synchrony," CEO Margaret Keane said in a statement.
2019年標誌着Synchrony又一個重大變革的一年,首席執行官瑪格麗特基恩在一份聲明中説。
In other news, Synchrony and Verizon Communications( VZ ) - Get Reportannounced on Thursday a partnership where they will launch the first credit card designed specifically for Verizon customers.
Discover Financial DFS, meanwhile, was also declining Friday after posting mixed fourth quarter, leading multiple analysts to lower the stock's rating.
與此同時,Discovery Financial DFS上週五也出現下跌,此前該公司第四季度業績喜憂參半,導致多位分析師下調了該股的評級。
譯文內容由第三人軟體翻譯。