Synchrony Financial beats by $0.04:
- Reports Q2 (Jun) earnings of $0.61 per share, $0.04 better than the Capital IQ Consensus of $0.57.
- Net interest income increased $425 million, or 13%, to $3.6 billion, primarily driven by strong loan receivables growth. Net interest income after retailer share arrangements increased 16%.
- Provision for loan losses increased $305 million to $1,326 million driven by credit normalization and loan receivables growth.
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