Amazon Ranks Second-Fastest Deliveries; Synchrony Credit Strength Bolstered
AMZN•Amazon’s shares rose 0.4% after a survey ranked it second-fastest among major retailers for order delivery, trailing Walmart. Synchrony reported flat delinquency, year-on-year lower charge-offs, a 13% dividend increase and a $6.5B share repurchase program.
1. Retail Delivery Rankings
A recent survey placed Amazon second among top U.S. retailers for order fulfillment speed, trailing Walmart’s same-day service. Shares of Amazon ticked up 0.4% on July 3 as investors gauge operational advantages in e-commerce logistics.
2. Synchrony Consumer Credit Update
Synchrony Financial reported stable delinquency rates and year-on-year reduced charge-offs, indicating resilient consumer credit. The lender approved a 13% dividend increase and unveiled a $6.5 billion share repurchase program to return capital amid improving credit metrics.
