Synchrony Financial shares rise following Walmart partnership

Synchrony Financial

09/06/2025 20:44

** Synchrony Financial's SYF.N shares are up 3% to $60.97 on Mon following news it will once again issue Walmart WMT.N branded credit cards

** SYF is on track for highest close since May 14

** OnePay - which is majority-owned by WMT - will partner with SYF to issue two branded cards: a card for purchases at WMT stores only and a general purpose card that allow payments anywhere Mastercard is accepted

** The cards will be launched this fall and will mark the return of a partnership that had ended in 2018

** WMT's shares are flat at $97.43

** SYF is down 6.2% YTD vs 5.4% rise in S&P 500 financials index .SPSY

 (Reporting by Chibuike Oguh in New York)

 ((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))