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Synchrony Reports Fourth Quarter Net Earnings of $738 Million or $1.24 Per Diluted Share

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STAMFORD, Conn., Jan. 29, 2021 /PRNewswire/ Synchrony Financial (NYSE: SYF) today announced fourth quarter 2020 earnings results amid the continuing Coronavirus (COVID-19) pandemic. Synchrony reported fourth quarter 2020 net earnings of $738 million, or $1.24 per diluted share.
Key Highlights .
Interest and fees on loans decreased 11% to $4.0 billion
Purchase volume decreased 1% to $39.9 billion
Average active accounts decreased 10% to 66.3 million
Deposits decreased $2.3 billion, or 4%, to $62.8 billion
Renewed Payment Solutions programs with Mattress Firm and Kawasaki, and added a new program with Doosan Bobcat
Added new CareCredit programs with Walgreens and the Community Veterinary Partners, renewed program with Aspen Dental, and acquired Allegro Credit, a leading provider of point-of-sale consumer financing for audiology products and dental services ....

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Customers Bancorp Listed in Kiplinger's 6 Best Financial Stocks to Buy in 2021

[December 29, 2020]
Customers Bancorp Listed in Kiplinger s 6 Best Financial Stocks to Buy in 2021
Customers Bancorp (NYSE:CUBI) was recently identified as one of the best financial stocks to buy in 2021 by Kiplinger. The publication looked at the financial sector, one of the hardest-hit segments of the market, to identify the most promising investment opportunities following the Federal Reserve s move to give big banks the approval to resume share buybacks in the first quarter of 2021, after a six-month ban.
While most Wall Street analysts and investors have focused on the divestiture of BankMobile and the formation of a new company BM Technologies Inc., which will trade on the New York Stock Exchange under the symbol BMTX, Maxim Group s Michael Diana focused on the potential upside for Customers Bancorp. ....

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Change Healthcare Wins 2020 Compliance & Ethics Awards

Change Healthcare Wins 2020 Compliance & Ethics Awards
Change Healthcare Wins 2020 Compliance & Ethics Awards
Today Change Healthcare (NASDAQ: CHNG) announced its legal and compliance team has won several 2020 compliance and ethics awards, including
Corporate Secretarys Best Compliance & Ethics Program,
Corporate Counsels Compliance Department of the Year, two
Brandon Hall Gold Awards for compliance training, and as a finalist for
Financial Times, Innovative Lawyers Awards““ Reimagining Risk Management.
These awards
recognize Change Healthcares legal and compliance team, led by Loretta Cecil, executive vice president and general counsel, as a disciplined, yet innovative team, dedicated to compliance excellence, supported by the companys 14,000 team members, executive team, and board of directors. ....

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AristaMD Recognized as "Startup of the Year"

AristaMD Recognized as “Startup of the Year”
AristaMD Recognized as “Startup of the Year”
AristaMD, a leading digital health company that provides eConsult solutions that connect primary care providers with specialist insights, is honored with the prestigious Startup of the Year Globee Award for the second year in a row. The seventh annual Globee Awards celebrate the outstanding achievements from organizations worldwide.
With a mission to improve patient outcomes through increased access to specialty care, AristaMDs innovative telehealth platform delivers timely, documented specialist insights through eConsults. With AristaMD, PCPs are empowered to collaborate with a panel of top specialists on patient care plans, helping reduce the need for face-to-face specialist visits in over 70% of cases. Eliminating unnecessary in-person referrals improves patient wait times, health system quality metrics and patient satisfaction. ....

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