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The filed complaint alleges that Synchrony Financial made materially false and/or misleading statements and/or failed to disclose that: Synchrony issued a press release on January 28, 2025, announcing its financial results for the fourth quarter of 2024. Among other items, Synchrony's earnings for the quarter missed consensus estimates, as the Company's net interest income was weaker than expected, its provision for credit card losses exceeded analyst estimates, and its net charge-off rate rose. Following this news, Synchrony's stock price fell sharply during intraday trading on the same day.
In order to be eligible to join the SYF class action lawsuit, you must have incurred a loss on shares of Synchrony Financial purchased during the class period listed above.
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