Smokin’ Hot in Stamford: Synchrony Settles with Wal-Mart and Reports a Solid 4Q18

Synchrony Settles with Wal-Mart

Synchrony Settles with Wal-Mart

Quite the day for Synchrony as CEO Margaret Kean reports 4Q 2018 earnings.

The numbers speak for themselves; getting in the ring with the world’s largest retailer, and surviving, warrents special mention.  Tons of credible media sources note the conclusion of the festering lawsuit and the end of an $800 million claim.

Hometown newspaper, the Stamford Advocate, announces:

The American Banker headlines with:

The Wall Street Journal mentions:

Mercator Advisory Group’s recent research report on Private Label Credit Cards reported on how the market rebounded since the recession; Synchrony’s performance last year bears special note.

Overview by Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group

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