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Synchrony Financial Is Goldman's Top Credit Card Pick Before Q1 Earnings

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Alliance Data Systems Corporation NYSE:ADS, American Express Company NYSE:AXP - Synchrony Financial Is Goldman's Top Credit Card Pick Before Q1 Earnings

Synchrony Financial SYF 1.97% is Goldman Sach's top credit card pick heading into first quarter earnings.

Goldman's Ryan Nash remains constructive on card stocks and cautious on the first quarter EPS.

"While 1Q EPS could be disappointing, the stocks have been worse than estimate revisions, implying the set-up could be favorable. Also, we believe the sell-side has become too negative on some names (SYF and COF mostly), which could provide good entry points," Nash wrote in a note.

Following are the thoughts of Goldman on the upcoming earnings of various credit card firms.

Synchrony Financial

"We believe an in-line 1Q will likely be "good enough"...


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