Consumer finance companies have benefited from industry tailwinds over the past 20 months as people embraced online payment methods in response to the COVID-19 pandemic. And because this trend is.
5 Best Consumer Finance Stocks to Buy Now
5. OneMain Holdings Inc (NYSE: OMF)
Indiana-based OneMain Financial offers personal loans and insurance services. The stock rallied recently after Barclays gave an Overweight rating to the stock with a price target of $63. In the third quarter, OneMain Financial posted an EPS of $2.19 that surpassed analysts’ forecasts by $0.93. However, revenue in the period totaled $935 million, missing the street’s estimates by $3.42 million.
A total of 33 hedge funds tracked by Insider Monkey owned positions in OneMain as of the end of the third quarter. The total worth of these investments is $470.57 million. Matthew Lindenbaum’s Basswood Capital owns 2.67 million shares of the company. Here is what Miller Value Partners said about OMF in its 2020 Q1 investor letter:
10 Best Consumer Finance Stocks To Buy Now
In this article we analyze the 10 best consumer finance stocks to buy now. The consumer finance industry suffered in 2020 amid a decline in consumer spending. However, analysts see a sharp rebound in 2021 and beyond as the world comes back to normal. To skip ahead our discussion of the reasons you should invest in consumer finance stocks, click to see the
As public distrust in major banks grows amid an increased likelihood of a global recession following the coronavirus pandemic, the consumer finance sector is thriving. The rapidly changing consumer habits in borrowing and managing finances is also proving to be a tailwind for consumer finance companies in the U.S. People use consumer finance companies for credit cards, receiving loans for cars, education and housing. The consumer finance sector got hammered by the coronavirus pandemic as people restricted spending and borrowing. But signs of recovery are already here. According to a re