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Fin Stocks in Hub! Synchrony Financial (SYF), Genworth Financial Inc (GNW)

Shares of Synchrony Financial (NYSE:SYF) ended Monday session in green amid volatile trading. The shares closed up +0.06 points or 0.22% at $26.73 with 14.34 million shares getting traded. Post opening the session at $26.93, the shares hit an intraday low of $26.45 and an intraday high of $26.99 and the price vacillated in this range throughout the day. The company has a market cap of $22.03 billion and the numbers of outstanding shares have been calculated to be 833.93 million shares.

Synchrony Financial (SYF) announced a multi-year renewal of its program to provide consumer financing for hhgregg, a leading specialty retailer of home appliances, televisions, computers and tablets, consumer electronics, home furnishings, mattresses and related services.

Synchrony Financial has provided a consumer financing program for hhgregg through the hhgregg Credit Card for more than 17 years. Qualifying cardholders can continue to access special financing offers, special in-store and online deals, convenient online bill pay and other exclusive benefits with an hhgregg credit card for use in 220 hhgregg stores in 19 states, and online at hhgregg.com.

“The hhgregg credit card program has been a key component of our customer experience,” said Kevin Kovacs, CFO, hhgregg, “Our customers appreciate the flexible and convenient payment options that allow them to get the quality products they want and need. We look forward to working with Synchrony Financial for many more years to come.”

Shares of Genworth Financial Inc (NYSE:GNW) ended Monday session in green amid volatile trading. The shares closed up +0.11 points or 2.16% at $5.21 with 4.88 million shares getting traded. Post opening the session at $5.15, the shares hit an intraday low of $5.13 and an intraday high of $5.27 and the price vacillated in this range throughout the day. The company has a market cap of $2.59 billion and the numbers of outstanding shares have been calculated to be 498.34 million shares.

Genworth Financial Inc (GNW) reported results for the period ended June 30, 2016. The company reported net income of $172 million, or $0.34 per diluted share, in the second quarter of 2016, compared with a net loss of $193 million, or $0.39 per diluted share, in the second quarter of 2015. Net operating income for the second quarter of 2016 was $123 million, or $0.25 per diluted share, compared with net operating income of $119 million, or $0.24 per diluted share, in the second quarter of 2015.

 

 

 

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