Banking – Tags Area http://tagsarea.com/ Fri, 29 Apr 2022 20:17:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tagsarea.com/wp-content/uploads/2021/04/tags-area-icon-150x150.png Banking – Tags Area http://tagsarea.com/ 32 32 The CURO Group (CURO) will publish its results on Monday https://tagsarea.com/the-curo-group-curo-will-publish-its-results-on-monday/ Fri, 29 Apr 2022 20:17:47 +0000 https://tagsarea.com/the-curo-group-curo-will-publish-its-results-on-monday/

CURO Group (NYSE: CURO – Get a rating) is expected to release its quarterly earnings data after the market closes on Monday, May 2. Analysts expect the company to report earnings of $0.11 per share for the quarter.

CURO Group (NYSE: CURO – Get a rating) last reported its quarterly earnings data on Tuesday, February 8. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.03. The company posted revenue of $224.32 million for the quarter, versus analyst estimates of $221.96 million. The CURO Group achieved a net margin of 7.25% and a return on equity of 15.71%. In the same quarter a year earlier, the company posted earnings per share of $0.14. On average, analysts expect CURO Group to post EPS of $2 for the current fiscal year and EPS of $3 for the next fiscal year.

Shares of CURO Action opened at $11.50 on Friday. The company has a market capitalization of $462.78 million, a price-earnings ratio of 9.27 and a beta of 2.67. The company has a debt ratio of 12.14, a quick ratio of 5.07 and a current ratio of 5.07. The CURO group has a 52-week low of $10.56 and a 52-week high of $20.10. The company’s 50-day simple moving average is $12.44 and its two-hundred-day simple moving average is $14.99.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Friday, February 18 received a dividend of $0.11. This represents an annualized dividend of $0.44 and a yield of 3.83%. The ex-dividend date was Thursday, February 17. The dividend payout ratio of the CURO Group is 35.48%.

Several research firms have recently published reports on CURO. Credit Suisse Group lowered its price target on CURO Group shares from $29.00 to $26.00 and set an “outperform” rating on the stock in a Thursday, Dec. 30 research report. Zacks Investment Research downgraded CURO Group shares from a “strong buy” rating to a “hold” rating in a Wednesday, January 19 research report. Finally, Jefferies Financial Group began covering CURO Group stocks in a research report on Thursday, December 30. They issued a “buy” rating and a price target of $25.00 on the stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in CURO Group by 5.8% during the fourth quarter. BlackRock Inc. now owns 1,409,824 shares of the company valued at $22,571,000 after acquiring an additional 77,191 shares last quarter. State Street Corp increased its stake in CURO Group by 10.1% during the fourth quarter. State Street Corp now owns 366,401 shares of the company valued at $5,866,000 after acquiring 33,733 additional shares last quarter. Geode Capital Management LLC increased its stake in CURO Group by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 332,849 shares of the company valued at $5,328,000 after acquiring an additional 27,997 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CURO Group by 8.9% during the third quarter. Bank of New York Mellon Corp now owns 256,811 shares of the company valued at $4,450,000 after acquiring 21,088 additional shares last quarter. Finally, Morgan Stanley increased its stake in CURO Group by 406.5% during the third quarter. Morgan Stanley now owns 197,203 shares of the company valued at $3,417,000 after acquiring an additional 158,268 shares in the last quarter. 38.78% of the shares are currently held by institutional investors.

About CURO Group (Get a rating)

CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.

See also

Earnings History for the CURO Group (NYSE: CURO)



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]]> Does requesting a credit limit increase affect your credit score? https://tagsarea.com/does-requesting-a-credit-limit-increase-affect-your-credit-score/ Wed, 27 Apr 2022 14:02:32 +0000 https://tagsarea.com/does-requesting-a-credit-limit-increase-affect-your-credit-score/

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

To increase your credit limit, simply call customer service or submit a request through your issuer’s mobile app. While increasing your credit limit may make it easier for you to pay off your next big purchase or improve your credit score, consumers should be aware that it may actually impact your credit score.

Select spoke with Ted Rossman, senior credit card industry analyst at The bank rateand Matt Schulz, chief credit analyst at LendingTreeto learn more about how your credit score could be affected by a request for a credit limit increase.

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Is it a hard inquiry or a soft inquiry?

Depending on the card issuer, applying for a higher credit limit may result in a full inquiry, a non-binding inquiry, or both types of credit checks on your credit report, Rossman says.

A Serious investigation occurs when a lender pulls your credit report – this action usually causes your credit score to drop between five and 10 points. Note that while a serious inquiry will only affect your credit score for up to one year, it will remain on your credit report for two years.

In contrast, a soft credit check has no effect on your credit score. For example, Capital One would not carry out a thorough investigation if a cardholder requests a credit limit increase for one of their Capital One credit cards.

Keep in mind that most card issuers do not publicly reveal what type of credit check they will perform on consumers requesting a higher credit limit, so you will need to call ahead and ask to be sure. .

You can quickly request a credit limit increase for Citi credit cards, such as the Citi® Dual Charge Card, via the bank application in a few clicks. And reports say Citibank will almost always only use a soft pull when making this request, however if you want a higher credit limit than what Citi is initially offering you then they will do a hard pull. Citi also offers automatic credit limit increases that do not result in a hard draw.

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Raising your credit limit could improve your credit score in the long run

Schulz notes that you shouldn’t worry too much if your card issuer does a thorough investigation of your credit report, because the slight drop in your credit score is only temporary. The benefits of applying for and receiving a higher credit limit often outweigh the negative effects of investigating your credit report, says Schulz.

When you increase your credit limit, you can also improve your credit utilization rate, which can improve your credit score in the long run. There are five factors that make up your FICO credit score: your payment history (35%), amount owed (30%), length of your credit history (15%), your credit mix (10%) and the new credit (ten%).

The Amounts Due category (30%) also considers five factors, including how much you owe across all your accounts, how much you owe based on the different types of accounts you have, the value of your current balances, the amount you owe on your installment loans and your credit utilization rate.

Therefore, experts say the credit utilization ratio comprises 30% of your FICO score since it only applies to revolving lines of credit and is defined as the ratio of the credit you are using to the total amount. credit granted to you.

For example, if you owe $2,000 on a credit card with a $10,000 limit, that means you have a 20% utilization rate on that card. The total credit utilization rate would be based on the total amount of revolving credit granted to you and the total amount you have used.

While experts generally recommend people keep their credit utilization rate below 30%, anything below 10% is even better.

Credit utilization is the second most important factor in the FICO scoring formula after your payment history, so improving your credit utilization rate can end up having a positive impact on your credit history, explains Schulz.

All three credit bureaus – Equifax, Experian and TransUnion – are currently offering free weekly credit reports due to the ongoing COVID-19 pandemic via annualcreditreports.com. Getting into the habit of checking your credit report can also make it easier to detect incidents of fraud. Credit monitoring services such as CreditWise®, Free Credit Monitoring Experian and IdentityForce® UltraSecure can also be used to detect errors on your credit file – if someone applied for a line of credit in your name, for example.

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IdentityForce® UltraSecure and UltraSecure+Credit

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    Experian, Equifax and TransUnion

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    Yes, $1 million for all plans

Conditions apply. To learn more about IdentityForce®, visit their website or call 855-979-1118.

At the end of the line

Whether your credit card issuer performs a hard or soft credit check (or both), when you request a higher credit limit, the impact of these requests on your credit score is generally negligible in the long run. . Instead, cardholders should focus more on Why they ask for a higher credit limit – you don’t want to use the increased credit to fund a lifestyle you can’t afford, but remember that increasing your credit limit can help fund major expenses and can increase your credit score by lowering your rate of credit utilization.

Check out Select’s in-depth coverage at personal finance, technology and tools, welfare and more, and follow us on Facebook, instagram and Twitter to stay up to date.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

]]> Recent Research Analyst Ratings Updates for Synchrony Financial (SYF) https://tagsarea.com/recent-research-analyst-ratings-updates-for-synchrony-financial-syf/ Tue, 26 Apr 2022 00:00:43 +0000 https://tagsarea.com/recent-research-analyst-ratings-updates-for-synchrony-financial-syf/

Synchrony Financial (NYSE: SYF) recently received a number of price target changes and ratings updates:

  • 04/19/2022 – Synchrony Financial has had its price target raised by BMO Capital Markets analysts from $49.00 to $52.00. They now have an “outperform” rating on the title.
  • 04/19/2022 – Synchrony Financial has had its price target lowered by Stephens analysts from $54.00 to $47.00. They now have an “equal weight” rating on the stock.
  • 04/19/2022 – Synchrony Financial has had its price target raised by analysts at The Goldman Sachs Group, Inc. from $40.00 to $45.00. They now have a “buy” rating on the stock.
  • 04/06/2022 – Synchrony Financial has had its price target lowered by Wells Fargo & Company analysts from $52.00 to $45.00. They now have an “overweight” rating on the stock.
  • 06/04/2022 – Synchrony Financial has been upgraded by analysts at Piper Sandler from a ‘neutral’ rating to an ‘overweight’ rating. They now have a price target of $49.00 on the stock, down from $48.00 previously.
  • 04/04/2022 – Synchrony Financial has had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $45.00 to $40.00. They now have a “buy” rating on the stock.
  • 03/31/2022 – Synchrony Financial is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 03/28/2022 – Synchrony Financial has been downgraded by Morgan Stanley analysts from an “overweight” rating to an “equally weighted” rating. They now have a price target of $40.00 on the stock, down from $56.00 previously.
  • 03/17/2022 – Synchrony Financial has been downgraded by analysts at Wolfe Research from an “outperform” rating to a “market performance” rating.
  • 03/17/2022 – Synchrony Financial has had its price target lowered by analysts at Bank of America Co. from $52.00 to $45.00.

NYSE: SYF traded at $0.31 in midday trading on Monday, reaching $38.29. The company’s stock had a trading volume of 5,566,904 shares, compared to its average trading volume of 6,976,136. Synchrony Financial has a 1-year low of $33.76 and a 1-year high of 52.49 $. The stock has a fifty-day moving average of $38.10 and a 200-day moving average of $43.96. The company has a market capitalization of $19.38 billion, a PE ratio of 5.20, a growth price-earnings ratio of 0.30 and a beta of 1.60. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt ratio of 1.05.

Synchrony Financial (NYSE: SYF – Get a rating) last released its quarterly earnings data on Monday, April 18. The financial services provider reported earnings per share of $1.77 for the quarter, beating the Zacks consensus estimate of $1.54 by $0.23. Synchrony Financial had a net margin of 26.26% and a return on equity of 29.99%. During the same period last year, the company earned earnings per share of $1.73. On average, analysts expect Synchrony Financial to post earnings per share of 5.74 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 12. Investors of record on Monday, May 2 will receive a dividend of $0.22. The ex-dividend date is Friday, April 29. This represents an annualized dividend of $0.88 and a yield of 2.30%. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.94%.

In other news, Insider David P. Melito sold 9,351 shares of the company in a transaction that took place on Thursday, January 27. The shares were sold at an average price of $46.05, for a total transaction of $430,613.55. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. 0.45% of the shares are currently held by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SYF. CVA Family Office LLC purchased a new stake in Synchrony Financial in Q4 worth approximately $30,000. Blue Bell Private Wealth Management LLC acquired a new stake in Synchrony Financial in Q4, valued at approximately $30,000. Quent Capital LLC acquired a new position in Synchrony Financial in Q4 worth approximately $31,000. Spire Wealth Management increased its position in Synchrony Financial by 1,219.7% in the fourth quarter. Spire Wealth Management now owns 871 shares of the financial services provider valued at $40,000 after acquiring 805 additional shares last quarter. Finally, Evolution Wealth Advisors LLC increased its position in Synchrony Financial by 143.1% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 919 shares of the financial services provider valued at $45,000 after acquiring an additional 541 shares in the last quarter. Institutional investors and hedge funds hold 93.86% of the company’s shares.

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products and consumer installment loans. The company also offers private label credit cards, dual cards, co-branded and general purpose credit cards, short and long term installment loans and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts for retail and commercial customers, as well as deposits through brokerage firms in third-party securities.

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