Synchrony Financial (NYSE:SYF) reported second-quarter fiscal 2024 net interest income of $4.405 billion, beating the consensus of $4.287 billion. Net interest income increased 7% YoY, driven by higher interest and fees on loans, partially offset by an increase in interest expense from higher benchmark rates and higher interest-bearing liabilities. Net revenue rose 12.7% to $3.712 billion. Net interest margin declined 48 basis points to 14.46%. Loan receivables rose 8% to $102.3 billion, and purchase volume declined 1% to $46.8 billion. Interest and fees on loans ...