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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

Comment by WBuffett1on Aug 06, 2020 4:42pm
95 Views
Post# 31375549

RE:RE:Q2 results out. I am good

RE:RE:Q2 results out. I am goodROE was "terrible" because 1) they over-provisioned for the qtr and 2) they have CET1 ratio of 18.5% (vs. EQB at 14%)

They really need to either return the excess capital to shareholders or make more loans to use up the capital.

riverrrow wrote: I got lucky and picked up some more on the dip. As usual their ROE is terrible but they're profitable and well below book. GLTA.


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