5 Best Consumer Finance Stocks to Buy Now

4. Synchrony Financial (NYSE: SYF)

Warren Buffett’s Berkshire Hathaway is one of the 46 hedge funds that had positions in Connecticut-based Synchrony Financial entering the fourth quarter of 2020. The fund owns $526.75 million worth of Synchrony shares as of the end of the third quarter. The company recently received a compliance assistance sandbox  approval from the federal Consumer Financial Protection Bureau to develop its proposed “dual-feature” credit card.

Back in 2018, PayPal agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial as a part of an expanded relationship between the two companies. In 2019, the company expanded its auto and home acceptance locations and value propositions.