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The latest update is out from Synchrony Financial ( (SYF) ).
The company has released its monthly charge-off and delinquency statistics for thirteen months ending September 30, 2024, showing a year-over-year increase in both the 30+ delinquency rate and net charge-off rate, attributed to moderated customer payment rates and additional charge-off cycles. These statistics are crucial for those monitoring financial trends and assessing credit risk in the market.
Learn more about SYF stock on TipRanks’ Stock Analysis page.