Synchrony Financial shares rise following Walmart partnership

ReutersJun 9, 2025 7:44 PM

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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

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