OneMain Holdings: Why The Stock Is Now Better Than The Bonds

Jeremy LaKosh
5.54K Followers

Summary

  • OneMain Holdings reported earnings and revenue that missed expectations, but the stock remains near a 52-week-high.
  • The company saw a decline in net interest income and a softening of loan demand in the first quarter.
  • Delinquencies and charge-offs are a concern, but OMF has sufficient allowances for losses and sources of liquidity.

OneMain Financial business storefront exterior in Houston, TX.

Brett_Hondow

OneMain Holdings Q1 Earnings

Earlier today, consumer lender OneMain Holdings, Inc. (NYSE:OMF) announced their first quarter earnings. The company reported earnings that missed expectations, along with revenue that came in a little lighter than expected. Despite

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5.54K Followers
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds.  I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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