Due to the novel coronavirus and resulting economic hardship, credit card companies have taken a hit over the past half year. In my recent articles on Capital One Financial (COF), Capitalize On Capital One Financial and Capital One Is Trading Lower Than Tangible Book Value, I have analyzed the past two quarters’ financial results, the company’s financial health, charge-offs and forbearance, and valuation. What I found was that the bank had a good long-term outlook with a low valuation. Due to this, I am going to analyze more credit card companies to see if more bargains can be found. I recently looked at Discover (DFS) in the last article which can be read here. What I saw was that the trends were just like Capital One’s, but the value was far worse.
In this article, I will focus on Synchrony Financial (SYF) to see if it offers the