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goeasy ( (TSE:GSY) ) has provided an update.
goeasy Ltd. reported record financial results for the fourth quarter and full year ending December 31, 2024, highlighting significant growth in loan originations and revenue. The company’s loan portfolio grew by 26% to $4.60 billion, driven by a notable increase in credit applications. Revenue for the quarter reached a record $405 million, marking a 20% increase from the previous year. Despite a slight increase in the net charge-off rate, the company maintained stable credit performance and increased its dividend per share by 25%, indicating strong financial health and positive future prospects.
More about goeasy
goeasy Ltd. is a leading Canadian consumer lender that focuses on providing a comprehensive range of financial services to individuals with non-prime credit. The company operates in various lending sectors, including unsecured lending, home equity lending, point-of-sale, and automotive financing.
YTD Price Performance: 2.54%
Average Trading Volume: 2,712
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.98B
Find detailed analytics on GSY stock on TipRanks’ Stock Analysis page.
