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Synchrony Financial Sees Resilient Spending, Reaffirms Receivables Growth Outlook
Source: marketbeat.com
Company FundamentalsConsumer Demand & Retail
Synchrony Financial CFO Brian Wenzel said purchase volume was growing at a high-single-digit rate about 2.5 months into Q3, in line with the roughly 8% growth reported in Q2. The update indicates stable consumer credit-card spending momentum entering the quarter, with no apparent acceleration or deterioration.
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