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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 Northforce13on Jun 17, 2020 5:49pm
113 Views
Post# 31162301

RE:RE:Loan Book, Q1 + 1mth

RE:RE:Loan Book, Q1 + 1mthTake a closer look at it...

The improvement is in their uninsured portfolio, which is their least profitable

The uninsured portfolio (which is the profitable meat and gravy of their business), declined 

The commercial, which they touted, was about flat


So all in all, this trend might be a slight negative to the profitability, would have to crunch the difference between the lower profit increase in insured portfolio vs the loss in the higher profit uninsured portfolio.

With that being said, I view this report favorably, not much change, which is a good thing in my eyes.  I hope and suspect, they will resume growth in their more profitable sectors in coming months as things become clearer.

Bought a bit more today at 21.00 on the decline

GLTA



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