The Biggest Loser: Synchrony Financial Tumbles 16%
April 28, 2017 at 17:23 PM EDT
Synchrony Financial ( SYF ) tumbled to the bottom of the S&P 500 today after missing earnings forecasts by a wide margin thanks to a bigger-than-expected jump the amount of money set aside to cover bad loans. Synchrony Financial dropped 16% to $27.80, while the S&P 500 declined 02% to 2,384.20. Jefferies analyst John Hecht and team write that they'd be buyers of Synchrony Financial's shares on the weakness:
