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Home Capital Group Inc 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

Comment by YassineNoBSon May 07, 2020 8:48am
88 Views
Post# 30996731

RE:RE:Q1 2020. About what I expected,..

RE:RE:Q1 2020. About what I expected,..Since most provinces are easing up the lockdown measures we might have a back ended quarter where most loan originations will be from customers catching up between end of May to end of June. If we compare Q1, 2019 to Q1,2020 they are up on almost all KPI which shows that they are definitely on the right track. Provisions for Credit Losses (PCL) impacted their earnings thsi quarter but that is cash that could be put back into earnings in future quarters if covid restrictions do not cause major loan defaults going forward. There are many reasons to be optimistic. Hopefully the clouds will lift completely by the end of this year.
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