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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Bullboard Posts
Comment by DOTradingon Aug 02, 2017 8:32pm
66 Views
Post# 26540915

RE:So the real question

RE:So the real questionA loss is a loss, it's happened and nothing could be done given the situation. In this case it was an expected event although the loss is more than the consensus... but it was a one time event, not ongoing, so nothing to be concerned of. What's more important is assessing the company's financial situation, which look better than what people thought. So higher than expected but the situation isn't as grim. We'll let mr. Market decide tomorrow
Bullboard Posts