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Forex

Royal Bank of Canada Boosts Holdings in Synchrony Financial

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada increased its stake in Synchrony Financial by 39.4% during the first quarter, according to a recent filing with the Securities & Exchange Commission.

The bank owned about 825,927 shares worth $56,179,000 at the end of the most recent quarter after acquiring an additional 233,580 shares.

This move is not unique to Royal Bank of Canada. Several other institutional investors have also made changes to their positions in Synchrony Financial during this period.

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