Afdb_Investors Ipo Buy Or Not Or Buying?

[accuman]

Idi Buy or not IPO kinda vasthunnadi

 

GE Capitol ni GE nunchi seperate chesi 

 

synchrony financial kinda vasthunnadi.

 

 

or

 

meelo already planning to buy? or Buying?

 

any AFDB_investors light on this?

 

 

 

[accuman]

SYF

[accuman]

23-26$

[mukunda1]

dont know no idea on ge capitol......

[accuman]

dont know no idea on ge capitol......

 

 

vellu kind of Kohls ki vellithe Kohls store card teesukunte, Kohls vaadu ivvadu GE capitol/GE financial vaade ichhedi.

 

ee business veedu 93% owned and has 63 million accounts in US only.

 

veedi card raavali ante 710 FICO score kaavali.

[accuman]

Company Description We are one of the premier consumer financial services companies in the United
States. Our roots in consumer finance trace back to 1932, and today we are the
largest provider of private label credit cards in the United States based on
purchase volume and receivables. We provide a range of credit

products through
programs we have established with a diverse group of national and regional
retailers, local merchants, manufacturers, buying groups, industry associations
and healthcare service providers, which we refer to as our “partners.” Through
our partners’ 329,000 locations across the United States and Canada, and their
websites and mobile applications, we offer their customers a variety of credit
products to finance the purchase of goods and services. During 2013 and the
first quarter of 2014, we financed $93.9 billion and $21.1 billion of purchase
volume, respectively, and at March 31, 2014, we had $54.3 billion of loan
receivables and 57.3 million active accounts. Our active accounts represent a
geographically diverse group of both consumers and businesses, with an average
FICO score of 710 for consumer active accounts at March 31, 2014. Our business
has been profitable and resilient, including through the recent U.S. financial
crisis and ensuing years. For the year ended December 31, 2013, we had net
earnings of $2.0 billion, representing a return on assets of 3.5%, and for the
three months ended March 31, 2014, we had net earnings of $558 million,
representing a return on assets of 3.9%.

Our business benefits from longstanding and collaborative relationships with our
partners, including some of the nation’s leading retailers and manufacturers
with well-known consumer brands, such as Lowe’s, Walmart, Amazon and Ethan
Allen. We believe our partner-centric business model has been successful because
it aligns our interests with those of our partners and provides substantial
value to both our partners and our customers. Our partners promote our credit
products because they generate increased sales and strengthen customer loyalty.
Our customers benefit from instant access to credit, discounts and promotional
offers. We seek to differentiate ourselves through deep partner integration and
our extensive marketing expertise. We have omni-channel (in-store, online and
mobile) technology and marketing capabilities, which allow us to offer and
deliver our credit products instantly to customers across multiple channels. For
example, the purchase volume in our Retail Card platform from our online and
mobile channels increased by $3.0 billion, or 39.5%, from $7.6 billion in 2011
to $10.6 billion in 2013.

We offer our credit products primarily through our wholly-owned subsidiary,
Synchrony Bank (previously known as GE Capital Retail Bank) (the “Bank”).
Through the Bank, we offer, directly to retail and commercial customers, a range
of deposit products insured by the Federal Deposit Insurance Corporation
(“FDIC”), including certificates of deposit, individual retirement accounts
(“IRAs”), money market accounts and savings accounts, under our Optimizer+Plus
brand. We also take deposits at the Bank through third-party securities
brokerage firms that offer our FDIC-insured deposit products to their customers.
We are expanding our online direct banking operations to increase our deposit
base as a source of stable and diversified low cost funding for our credit
activities. We had $27.4 billion in deposits at March 31, 2014.

Our Sales Platforms

We offer our credit products through three sales platforms: Retail Card, Payment
Solutions and CareCredit. Set forth below is a summary of certain information
relating to our Retail Card, Payment Solutions and CareCredit platforms at or
for the three months ended March 31, 2014:

($ in millions, except for average
loan receivable balances) Retail Card Payment Solutions CareCredit
Partner locations (at December 31,
2013) 34,000 118,000 177,000
Period end active accounts (in
millions) 46.2 6.7 4.4
Average loan receivable balance $ 794 $ 1,599 $ 1,464
Average FICO for consumer active
accounts 713 708 683
Period end loan receivables $ 37,175 $ 10,647 $ 6,463

• Retail Card. Retail Card is a leading provider of private label credit
cards, and also provides Dual Cards and small and medium-sized business
credit products. We offer one or more of these products primarily through
19 national and regional retailers with which we have program agreements
that have an expiration date in 2016 or beyond and which accounted for
95.3% of our Retail Card platform revenue for the year ended December 31,
2013 and 94.9% of our Retail Card loan receivables at March 31, 2014. The
average length of our relationship with all of our Retail Card partners is
15 years and collectively they have 34,000 retail locations. Our partners
are diverse by industry and include Amazon, Belk, Chevron, Gap, JCPenney,
Lowe’s, Sam’s Club, T.J.Maxx and Walmart. Our Retail Card programs
typically are exclusive with respect to the credit products we offer at
that partner. Private label credit cards are partner-branded credit cards
that are used for the purchase of goods and services from the partner. Our
patented Dual Cards are credit cards that function as a private label
credit card when used to purchase goods and services from our partners and
as a general purpose credit card when used elsewhere. Substantially all of
the credit extended in this platform is on standard (i.e.,
non-promotional) terms. Retail Card accounted for $6.4 billion, or 68.0%,
of our total platform revenue for the year ended December 31, 2013, and
$1.7 billion, or 69.0%, of our total platform revenue for the three months
ended March 31, 2014.

• Payment Solutions. Payment Solutions is a leading provider of promotional
financing for major consumer purchases, offering primarily private label
credit cards and installment loans. We offer these products through 264
programs with national and regional retailers, manufacturers, buying
groups and industry associations, and a total of 62,000 participating
partners that collectively have 118,000 retail locations. Our partners
operate in seven product markets: automotive (tires and repair), home
furnishing/flooring, electronics/appliances, jewelry and other luxury
items, power (motorcycles, ATVs and lawn and garden), home specialty
(windows, doors, roofing, siding, HVAC and repair) and other retail. We
have programs with a diverse group of retailers, manufacturers, buying
groups and industry associations, such as Ashley HomeStores, Discount
Tire, h.h.gregg, the North American Home Furnishings Association and P.C.
Richard & Son. Substantially all of the credit extended in this platform
is promotional financing for major purchases. We offer three types of
promotional financing: deferred interest, no interest and reduced
interest. In almost all cases, our partners compensate us for all or part
of the cost of providing this promotional financing. Payment Solutions
accounted for $1.5 billion, or 16.0%, of our total platform revenue for
the year ended December 31, 2013, and $371 million, or 15.1%, of our total
platform revenue for the three months ended March 31, 2014.

• CareCredit. CareCredit is a leading provider of promotional financing to
consumers for elective healthcare procedures or services, such as dental,
veterinary, cosmetic, vision and audiology. We offer our products through
a network we have developed of 152,000 healthcare partners that
collectively have 177,000 locations. The vast majority of our partners are
individual and small groups of independent healthcare providers, and the
remainder are national and regional healthcare providers and
manufacturers. Our national and regional healthcare and manufacturer
partners include LCA-Vision, Heartland Dental, Starkey Laboratories and
Veterinary Centers of America (VCA Antech). We also have relationships
with more than 100 professional and other associations, including the
American Dental Association and the American Animal Hospital
Association, various state dental and veterinary associations,
manufacturers and buying groups, which endorse and promote (in some
cases for compensation) our credit products to their members. We offer
customers a CareCredit-branded private label credit card that may be
used across our network of CareCredit providers. Substantially all of
the credit extended in this platform is promotional financing, and in
almost all cases, our partners compensate us for all or part of the
cost of providing this promotional financing. CareCredit accounted for
$1.5 billion, or 16.0%, of total platform revenue for the year ended
December 31, 2013, and $388 million, or 15.9%, of our total platform
revenue for the three months ended March 31, 2014.
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Our corporate headquarters and principal executive offices are located at 777
Long Ridge Road, Stamford, Connecticut 06902. Our telephone number at that
address is (203) 585-2400. Our internet address is www.synchronyfinancial.com.