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Why Synchrony's Stock Price Soared 21.1% in July

·2 min read

Synchrony Financial (NYSE: SYF) bounced back in July, as its stock price rose 21.1% in the month, according to S&P Global Market Intelligence. It bested both the S&P 500, up 9.1% in July, and the Nasdaq Composite, up 12.4% for the month. Synchrony Financial is one of the leading providers of store cards -- those that can be used only for purchases at a particular store or retailer.