OneMain Holdings Inc logo

OMF - OneMain Holdings Inc News Story

$29.63 -0.1  -0.3%

Last Trade - 13/08/20

Sector
Financials
Size
Large Cap
Market Cap £3.05bn
Enterprise Value £14.74bn
Revenue £3.80bn
Position in Universe 1297th / 6381

BUZZ-Piper Sandler cuts PT of consumer lenders on coronavirus impacts

Thu 9th April, 2020 4:48pm
** Piper Sandler cuts PT of consumer lenders Ally Financial
 ALLY.N , Capital One Financial  COF.N , Discover Financial
Services  DFS.N , OneMain Holdings  OMF.N , Santander Consumer
 SC.N 
    ** Brokerage expects consumer lenders to withdraw forecast
and provide views on potential credit losses due to the
coronavirus outbreak
    ** Piper Sandler lowers profit estimates for FY20 and FY21
on rising credit losses, slower receivables growth and removal
of share buybacks through 2021
    ** Brokerage says these companies have gone through
financial crisis-like stress tests which indicates most could
remain profitable and enough capitalized through the crisis
    ** Believes current valuations gives an attractive entry
point for long-term investor looking through the volatility 
    ** Dow Jones U.S. Financials Index  .DJUSFN  down 21% so far
this year
    
 Companies                      New PT      Old PT
 Ally Financial                 $28         $35
 Capital One Financial          $83         $110
 Discover Financial Services    $48         $82
 OneMain Holdings               $34         $60
 Santander Consumer             $16         $26
 

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.