Synchrony credit card net charge-off rate drifts up, delinquencies hold steady in June

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Synchrony Office Building, Charlotte

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Synchrony Financial's (NYSE:SYF) credit card net charge-offs accelerated M/M in July, while delinquencies stalled, the company disclosed on Tuesday.

The adjusted net charge-off rate of 5.70% rose from 5.20% in the prior month, but slid from 6.10% in the year-ago period. The latest rate hovered

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