ECN Capital Corp T.ECN

Alternate Symbol(s): ECNCF | ECNNF | T.ECN.PR.C | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

Financial Services

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.

TSX:ECN - Post by User

ECN Capital Corp

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Post by Blueswinon Nov 10, 2024 10:36pm

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Post# 36306056

National Bank has upgraded ECN to Outperform

National Bank has upgraded ECN to Outperform (from Sector Perform) and raised its one year target to $3.25 (from $2.50).

According to National Bank analyst Jaeme Gloyn, ECN's third quarter results "clearly put ECN on a positive trajectory that supports robust 2025 guidance (70% EPS growth at the mid-point)."

National Bank has increased ECN estimates in 2025 to $0.23, from $0.18

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