Financial services
Article Abstract:
Strong demand for consumer and commercial credit is reflected in financial services companies' revenues and earnings. Nontraditional outlets and marketing incentives are helping credit card transactions grow at 15% per year. Market share competition, however, from banks and others will have an effect on credit quality. Although several of these stocks are volatile, they will outperform the market in 1995 and 1996. Company reports for major financial services companies are included.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Financial services
Article Abstract:
Favorable interest rates are benefitting the financial services industry and profits should grow in 1996. Credit card use is growing, with new accounts and transaction volume remaining strong. Chargeoffs have increased, however, with lower credit quality. Cross selling is also increasing in the industry as a marketing tool. Financial services stocks will outperform the market for the next six to 12 months, but then contract in the late 1990s.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Financial services
Article Abstract:
There were strong earnings for the financial services industry, especially credit card issuers, in 1995, due mainly to easing interest rates. However, increased competition and other factors will have an effect on results in 1996. Several consumer and commercial lending companies are increasing their market share, and the rising stock market is benefiting asset management firms. These stocks will perform with the market in 1996.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: