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Industry Report Card: U.S. Finance Companies Dec 05 Product Image

Industry Report Card: U.S. Finance Companies Dec 05

  • ID: 1802974
  • December 2005
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Advanta Corp
  • Dana Credit Corp.
  • HSBC Finance Corp.
  • Leucadia National Corp.
  • Navient LLC.
  • Springleaf Finance Corp.
  • MORE

Abstract
In third-quarter 2005, U.S. finance companies were caught between countervailing influences of a strengthening economy with improving employment on one side and a flat yield curve with loan markets awash with liquidity on the other. As a result of Hurricane Katrina, American General Finance Corp. added $56 million in provisions; Capital One Financial Corp. (which is in the process of merging with New Orleans-based Hibernia Corp.) allocated $44 million; AmeriCredit Corp. had $8 million in Katrina-related charges; and Dollar Financial (which had nine stores in and around New Orleans) estimated losses at only $0.7 million. Commercial lenders such as General Electric Capital Corp., CIT Group Inc., and Textron Financial Corp. were pressured by narrow net interest margins (NIM), but profit...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown

- American Express Co.
- H&R Block Inc.
- CIT Group Inc.
- Springleaf Finance Corp.
- Signature Group Holdings Inc.
- General Electric Capital Corp.
- Leucadia National Corp.
- Textron Financial Corp.
- PHH Corp.
- Advanta Corp
- Dana Credit Corp.
- Discover Bank
- HSBC Finance Corp.
- MBNA Corp.
- Capital One Financial Corp.
- Dollar Financial Group Inc.
- General Motors Financial Co. Inc.
- Thornburg Mortgage Inc.
- Navient LLC.
- iStar Financial Inc.
- Nelnet Inc.
- New Century Financial Corp.
- Icahn Enterprises L.P.
- MoneyGram International
- Triad Financial Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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