Earnings PerformanceBuy-rated OneMain reported solid 3Q earnings highlighted by a resumption in origination growth, improving delinquency trends, and OpEx discipline.
Market ReactionShares traded up as investors reacted positively to the mix of strong demand, accelerating origination growth, a favorable competitive backdrop, and a credit box that remains cautious.
Revenue And GrowthOMF now expects revenues and net charge-offs to be at the high-end of the range, showcasing strong financial performance expectations.