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Synchrony Financial, Lowe's Extend Ties for Better Services
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Synchrony Financial (SYF - Free Report) has announced its extended multi-year collaboration with Lowe’s Companies, Inc. (LOW - Free Report) , highlighting the company’s commitment to provide better valuable benefits as well as various purchasing options to Lowe’s customers.
With this partnership extension, Synchrony would be managing and servicing the consumer and commercial credit card programs for Lowe’s customers at more than 1,740 U.S. stores and also on Lowes.com. These programs help boost the sales through a solid consumer offering, which even includes a 5% off on a daily basis to all cardholders along with special promotional offers.
The credit partner relationship of these two companies began in 1979 with a Lowe’s store card. It has constantly evolved with time and expanded its product portfolio with multiple offerings for consumers and business houses. Synchrony consistently endeavors to make strategic investments in Lowe’s program for advancing technological capabilities, which in turn, will make the consumer experience hassle-free. The technological advancements include the Synchrony Plug-in (SyPI), which enables mobile in-app commerce easier along with an in-store digital credit app that taps into the power of mobile for providing quick financial options to users.
The company believes that this partnership shows its innovative prowess with respect to retail financial services capabilities. Synchrony backs three credit cards, available through Lowe’s, namely the Lowe’s Advantage Card, the Lowe’s Business Account and Lowe’s Accounts Receivable.
Meanwhile, Lowe’s is focused on meeting customer expectations and providing the best value to them. Both companies have been working together for more than 40 years and are optimistic about improving their skills to serve customers in a better way in the future.
Synchrony has been extremely active when it comes to business expansion through partnerships. In July, the company renewed its collaboration with PayPal Holdings, Inc. (PYPL - Free Report) , which made it an exclusive issuer of the PayPal credit online consumer financing program in the United States.
Shares of this Zacks Rank #3 (Hold) company have lost 5.8% in the past year, narrower than the industry’s decline of nearly 9%.
Stocks to Consider
Investors looking for a few better-ranked stocks in the same sector may check out On Deck Capital, Inc. and Athene Holding Ltd. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
On Deck Capital operates as an online platform for small business lending in the United States, Canada and Australia. It managed to deliver positive results in three of the trailing four quarters with an average beat of 58.3%.
Athene, a retirement services company, issues, reinsures and acquires retirement savings products in the United States, the District of Columbia and Germany. It delivered an average trailing four-quarter positive earnings surprise of 15.03%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Synchrony Financial, Lowe's Extend Ties for Better Services
Synchrony Financial (SYF - Free Report) has announced its extended multi-year collaboration with Lowe’s Companies, Inc. (LOW - Free Report) , highlighting the company’s commitment to provide better valuable benefits as well as various purchasing options to Lowe’s customers.
With this partnership extension, Synchrony would be managing and servicing the consumer and commercial credit card programs for Lowe’s customers at more than 1,740 U.S. stores and also on Lowes.com. These programs help boost the sales through a solid consumer offering, which even includes a 5% off on a daily basis to all cardholders along with special promotional offers.
The credit partner relationship of these two companies began in 1979 with a Lowe’s store card. It has constantly evolved with time and expanded its product portfolio with multiple offerings for consumers and business houses. Synchrony consistently endeavors to make strategic investments in Lowe’s program for advancing technological capabilities, which in turn, will make the consumer experience hassle-free. The technological advancements include the Synchrony Plug-in (SyPI), which enables mobile in-app commerce easier along with an in-store digital credit app that taps into the power of mobile for providing quick financial options to users.
The company believes that this partnership shows its innovative prowess with respect to retail financial services capabilities. Synchrony backs three credit cards, available through Lowe’s, namely the Lowe’s Advantage Card, the Lowe’s Business Account and Lowe’s Accounts Receivable.
Meanwhile, Lowe’s is focused on meeting customer expectations and providing the best value to them. Both companies have been working together for more than 40 years and are optimistic about improving their skills to serve customers in a better way in the future.
Synchrony has been extremely active when it comes to business expansion through partnerships. In July, the company renewed its collaboration with PayPal Holdings, Inc. (PYPL - Free Report) , which made it an exclusive issuer of the PayPal credit online consumer financing program in the United States.
Shares of this Zacks Rank #3 (Hold) company have lost 5.8% in the past year, narrower than the industry’s decline of nearly 9%.
Stocks to Consider
Investors looking for a few better-ranked stocks in the same sector may check out On Deck Capital, Inc. and Athene Holding Ltd. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
On Deck Capital operates as an online platform for small business lending in the United States, Canada and Australia. It managed to deliver positive results in three of the trailing four quarters with an average beat of 58.3%.
Athene, a retirement services company, issues, reinsures and acquires retirement savings products in the United States, the District of Columbia and Germany. It delivered an average trailing four-quarter positive earnings surprise of 15.03%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>