Financial PerformanceBuy-rated OneMain reported solid earnings highlighted by a resumption in origination growth, improving delinquency trends, and operational expense discipline.
Market ReactionShares traded up as investors reacted positively to the mix of strong demand, accelerating origination growth, a favorable competitive backdrop, and a cautious credit box.
Revenue And GrowthOMF raised guidance on revenue growth, supported by stronger portfolio growth and yields, along with modestly better-than-expected credit performance.