Synchrony Financial tumbled the most in the S&P 500 Index after the issuer of private-label credit cards set aside more money for soured loans in the first quarter than analysts expected.
Shares of the lender fell 16 percent to close at $27.80 in New York, the most since the firm separated from General Electric Co. in 2014. The stock has dropped 23 percent this year, the most in the 65-company S&P 500 Financials Index.
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