Which financial action is a better buy? By StockNews
© Reuters. LoanDepot vs CURO Group Holdings: Which Financial Stock is a Better Buy?
The Federal Reserve signaled yesterday that it could raise interest rates next year. And because a higher rate environment is helping the financial sector, LoanDepot (LDI) and CURO Group Holdings (CURO) should benefit. But which of these two titles is the best buy now? Learn more to find out.LoanDepot, Inc. (LDI), in Foothill Ranch, Calif., Is a technology-driven, customer-centric residential mortgage platform. Additionally, its technology platform, mello, works across all aspects of its business, including lead generation, origination, and data integration. By comparison, diversified consumer finance company CURO Group Holdings Corp. (CURO) offers unsecured installment loans, secured installment loans, open-ended loans and single payment loans. CURO is based in Wichita, Kans.
Even though interest rates remained close to zero for an extended period, the financial sector rebounded significantly earlier this year as the economy gradually recovered thanks to solid progress on the vaccine front. COVID-19. Additionally, following yesterday’s Federal Reserve announcement, half of U.S. Federal Reserve policymakers now plan to start raising interest rates next year, which should bode well for the industry. financial. Thus, LDI and CURO could benefit from it.
LDI fell 12.9% over the past month, while CURO lost 1%. Additionally, in terms of performance over the past six months, CURO is the clear winner with 9.5% gains over LDI’s negative returns.
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