Synchrony Financial at Goldman Sachs US Financial Services Conference Transcript

Dec 07, 2021 / 01:00PM GMT
Ryan Matthew Nash - Goldman Sachs Group, Inc., Research Division - MD

Kicking it off, we are excited to have Synchrony Financial, fresh off its Investor Day where it laid out its differentiated business model and refreshed strategy that is poised to see close to double-digit growth and mid- to high 20s returns. The company did an outstanding job during the pandemic and is now poised to deliver solid growth across its 5 key platforms and appears well positioned to compete and win against emerging fintech players.

Joining us for the first time as CEO, but as a veteran of the GS conference is Brian Doubles. Also, I wanted to give a nice intro and talk about the great things that CFO Brian Wenzel has done, but talking about things that he's improved, but I thought it would be a direct insult to Brian. So I'll just say that we're delighted to have Brian Wenzel join us today.

Today's presentation is going to be a fireside chat. So Brian, maybe kicking it off. You're 9 months into being CEO as you took over in April. Can you maybe just talk about how the transition has been now that you hosted

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