Post by
JasleenDhaka on Nov 22, 2022 2:33pm
New Report on $AI ! Revenue and EPS up!
Atrium Mortgage Investment Corporation's revenue and EPS are up 30% and 12% YoY respectively in Q3. The company has been able to raise lending rates to 10% by the end of Q3, as 72%+ of its mortgages are floating rate. Mortgage industry insights: • Bank of Canada is expected to continue raising its benchmark rate. Our analysts are expecting the bank to turn less hawkish by Q1-2023, due to rising unemployment levels and as inflation is starting to taper. • MICs have underperformed in the market (TSX). Our analysts are expecting sector multiples to trend higher, as interest rates are expected to increase. MICs should be able to continue growing their loan portfolios. Read the full report here: https://www.researchfrc.com/atrium-mortgage-investment-corporation-tsx-ai-record-breaking-q3-robust-outlook-for-q4/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Atrium+MIC *FRC provides issuer-paid coverage. *Past performance is not indicative of future results.
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