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.

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Home Capital Group Inc > why down today?

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Post by HermannHalleron Sep 12, 2022 11:13am

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Post# 34956626

why down today?

Was someone disappointed they didn't raise the range? The offer expires tomorrow, some brokers required instructions as of Friday. Even with today's drop, currently at $28.85, it's still above the range, suggesting little to no shares will be tendered. Which means they will have to come back again with a new SIB.

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