BusinessEconomy and Trading

Synchrony Financial Q3 Profits Surge as Online Spending Defies Economic Pressures

Synchrony Financial posted a significant profit increase in Q3 2024, with net income reaching $1.08 billion. The consumer lender benefited from sustained online spending despite economic headwinds and reported improved credit metrics across its portfolio.

Strong Quarterly Performance

Synchrony Financial (SYF.N) reportedly delivered robust third-quarter results, with net income rising to $1.08 billion, or $2.86 per share, according to recent financial disclosures. This represents a substantial increase compared to the $789 million, or $1.94 per share, reported during the same period last year, sources indicate.

BusinessStartups

Bilt Rewards Expands To Mortgage Payments Through UWM Partnership

Bilt Rewards is expanding beyond rent payments through a new partnership with United Wholesale Mortgage. Homeowners will reportedly earn loyalty points on mortgage payments starting in early 2026, marking the first mortgage servicing rewards program of its kind.

Mortgage Rewards Program Launch

Bilt Rewards has announced a groundbreaking partnership with United Wholesale Mortgage (UWM) that will allow homeowners to earn rewards points on their monthly mortgage payments, according to reports. The collaboration, scheduled to launch in early 2026, represents a significant expansion beyond Bilt’s original focus on rent payment rewards and marks the first time a mortgage servicing system will offer consumer rewards on mortgage payments.