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

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

  • Published: December 2005
  • Standard & Poors

FEATURED COMPANIES

  • Advanta Corp
  • Dana Credit Corp.
  • H&R Block Inc.
  • iStar Financial Inc.
  • MoneyGram International
  • SLM 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...

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- American Express Co.
- H&R Block Inc.
- CIT Group Inc.
- Springleaf Finance Corp.
- Fremont General Corp.
- 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.
- SLM Corp.
- iStar Financial Inc.
- Nelnet Inc.
- New Century Financial Corp.
- Icahn Enterprises L.P.
- MoneyGram International
- Triad Financial Corp.

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