SYF

Synchrony Financial provides credit cards and loans to consumers, often through partnerships with retailers and brands. For example, they issue private label credit cards for stores like American Eagle and Dick's Sporting Goods, and they offer healthcare financing through the CareCredit brand. They also take deposits from customers in the form of savings accounts, money market accounts, and certificates of deposit. The company makes money by charging interest on loans and credit cards, and by paying lower interest rates on the deposits they hold.