Fifteen Directors at Home Capital Group Inc sold 116,962 shares at 44.280CAD. The significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
On March 24, 2023, DBRS Limited (DBRS Morningstar) confirmed the Long-Term Issuer Rating and Long-Term Senior Debt rating of Home Capital Group Inc. (HCG or the Group) at BBB (low) and the Group’s Short-Term Issuer Rating and Short-Term Instruments rating at R-2 (middle). DBRS Morningstar also confirmed the Long-Term Issuer Rating and Long-Term Deposits rating of HCG’s primary operating subsidiary, Home Trust Company (the Trust Company), at BBB and the Trust Company’s Short-Term Issuer Rating an...
Home Capital Group Inc. (the Group) reported Q3 2022 net income of $31 million, a 25% decline quarter over quarter, primarily owing to impairment charges and other expenses relating to the Group's Ignite Program, which is a multi-year transformation of its core operations systems.
Home Capital Group Inc. (the Group) reported Q2 2022 net income of $41.3 million, an 8% decline quarter over quarter (QOQ), primarily owing to lower net interest income and an increase in provisions for credit losses, while being partially offset by lower operating expenses. Net interest margin for the Group continues its downward trend, decreasing by 21 basis points (bps) QOQ to 1.97%, driven by continued interest rate hikes by the Bank of Canada. The Group saw an improvement of 140 bps in the ...
Home Capital Group Inc. (HCG or the Group) reported Q1 2022 net income of $44.7 million, a 15% decline quarter over quarter (QOQ), primarily owing to lower net interest income and increased operating expenses. Net interest margin (NIM) for the Group continued its downward trend and declined by 28 basis points (bps) from the linked quarter to 2.18% as a result of recent interest rate hikes by the Bank of Canada, which have led to narrowing spreads between loans and deposits. Moreover, as a result...
On March 25, 2022, DBRS Limited (DBRS Morningstar) upgraded the long-term ratings of Home Capital Group Inc. (HCG or the Group) to BBB (low) from BB (high) and upgraded the Group’s short-term ratings to R-2 (middle) from R-3. DBRS Morningstar also upgraded the long-term ratings of HCG’s primary operating subsidiary, Home Trust Company (the Trust Company), to BBB from BBB (low) and upgraded the Trust Company’s short-term ratings to R-2 (high) from R-2 (middle). Additionally, DBRS Morningstar chan...
DBRS Morningstar expects that Canadian banks will benefit from increases in interest rates by the Bank of Canada, the U.S. Federal Reserve, as well as central banks in emerging markets. The Bank of Canada and the Federal Reserve could raise rates five or six times in 2022. Indeed, the Bank of Canada and the Federal Reserve started this process with their March rate hikes of 25 basis points (bps). Overall, higher interest rates will be earnings-positive for the banks and their asset-sensitive bal...
Home Capital Group Inc. (HCG or the Group) reported Q4 2021 net income of $52.7 million, a 4% decrease quarter over quarter (QOQ) related to a decline in net interest income and an increase in provisions for credit losses (PCL). HCG continued to experience a moderate decline in net interest margin, with a QOQ decline of 12 basis points (bps), as a result of a flattening of the decreasing trend in interest rates. Lower sequential expenses resulted in an improved efficiency ratio for the Group tha...
HOME CAPITAL GROUP (CA), a company active in the Mortgage Finance industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date November 26, 2021, the closing price was CAD 43.46 and its expected value was estimate...
Home Capital Group Inc. reported Q3 2021 net income of $54.8 million, a 25% decrease quarter over quarter (QOQ), owing to a sequential decline in provisions for credit losses (PCL) releases, an increase in salary expenses, and lower noninterest income following a gain on loan sales in the prior quarter.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Home Capital Group Inc. reported Q1 2021 net income of $64.5 million, a 17% quarter-over-quarter increase as growth in net interest income, lower non-interest expenses, and a release of provisions for credit losses were partly offset by lower securitization income. On balance sheet loans retracted 1% compared with the linked quarter as securitized loans were moved off balance sheet. Despite the decline in balances during the quarter, the net interest margin increased by six basis points, driven ...
Home Capital Group Inc. (HCG or the Group) reported Q4 2020 net income of $55.3 million, a 5% quarterover-quarter (QOQ) decline. The decrease was largely driven by higher salaries and benefits, despite a $7.7 million release in provisions for credit losses (PCL) and continued growth in net interest income.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.