OneMain Financial: Stock Still A Buy Despite Economic Weakness
OMFOneMain (OMF) Seeking Alpha·2024-08-07 22:44
Brett_Hondow Introduction Consumer lender OneMain Financial (NYSE:OMF) announced its second quarter earnings last week. The lender beat earnings expectations and grew revenue, but a two-day sell-off ensued as investors have concerns about the health of the economy. With a 15% drop in share prices last week, and having covered both the company’s bonds and shares in the past, I wanted to take a fresh look at the situation. Second Quarter Earnings With an assist from higher interest rates, OneMain saw inte ...