Synchrony Financial: A Promising Growth Profile

Summary:

- Synchrony reported Q3 2019 results that beat the top- and bottom-line estimates.

- The company reported strong growth metrics and, in my opinion, Synchrony will have a promising growth profile as it enters 2020.

- I am long Synchrony, and I plan to add to my position on pullbacks.

Synchrony Financial's ($SYF) stock has been a big winner so far in 2019, as shares have outperformed the broader market by almost 30 percentage points over the last 10+ months.

I, however, believe that Synchrony's stock still has room to run. This private-label credit card company not only has an attractively valued stock, but it also has very promising growth prospects.