OMF Stock Recent News

NEW YORK , Jan. 10, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its fourth quarter 2024 results before the market opens on Friday, January 31, 2025. The earnings release will be available on OneMain's investor relations website at  http://investor.onemainfinancial.com.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by OneMain Direct Auto Receivables Trust 2025-1 (“ODART 2025-1”), an auto loan ABS transaction. ODART 2025-1 will issue four classes of notes totaling $500.0 million. The preliminary ratings reflect initial credit enhancement levels ranging from 30.25% for the Class A notes to 3.26% for the Class D notes. This transaction represents the first auto loan ABS securitization issued by OneMain Finance Corpora.

OneMain (OMF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

NEW YORK , Sept. 3, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, will present at the Barclays 22nd Annual Global Financial Services Conference at 9:45 a.m.

OneMain Financial beat earnings expectations and grew revenue, but investors are concerned about the economy, leading to a 15% drop in share prices. Higher interest rates boosted net interest income, but an increase in the provision for finance losses led to a drop in income before taxes. Despite risks associated with consumer credit loans, OneMain Financial's cash flow from operations in the first half of 2024 was sufficient to cover dividend obligations and support loan growth.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, and OneMain Financial (NYSE: OMF) ("OneMain"), the leader in offering nonprime consumers responsible access to credit, today announced a new partnership. Pagaya's proprietary, AI-driven lending technology enables fintechs, banks, and other loan originators to provide broader credit access for their customer.

OneMain Holdings, Inc. (NYSE:OMF ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Peter Poillon - Head, IR Doug Shulman - Chairman & CEO Jenny Osterhout - CFO Conference Call Participants Terry Ma - Barclays Moshe Orenbuch - TD Cowen Michael Kaye - Wells Fargo Rick Shane - JPMorgan Mihir Bhatia - Bank of America John Rowan - Janney Vincent Caintic - BTIG Mark DeVries - Deutsche Bank David Scharf - Citizens JMP Operator Please standby we're about to begin. Welcome to the OneMain Financial Second Quarter 2024 Earnings Conference Call and Webcast.

OneMain Holdings, Inc. reported solid second quarter results, beating earnings estimates and showing growth in loans. Despite concerns about lower-income consumers, OneMain Financial is tightening credit standards and managing credit risk well, which has resulted in better delinquencies. While leverage is a bit high, its dividend is secure, and investors are being paid to wait, making OneMain Holdings stock attractive at 9x earnings.

While the top- and bottom-line numbers for OneMain (OMF) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

OneMain Holdings (OMF) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.01 per share a year ago.