Latest news with #ConsumerFinance
Bloomberg
28-05-2025
- Business
- Bloomberg
Bloomberg Intelligence: Fannie, Freddie to Keep US Guarantee If Taken Public, Trump Says
Watch Alix and Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel Today's Podcast Features are: Ben Elliott, Bloomberg Intelligence Consumer Finance Analyst, discusses President Donald Trump stating that the US government will retain guarantees and an oversight role over Fannie Mae and Freddie Mac even if they are taken public. Meera Pandit, Executive Director, Global Market Strategist, at JP Morgan Asset Management, discusses her outlook for the markets. Wall Street's rebound halted ahead of Nvidia's highly anticipated earnings report, with the S&P 500 retreating and the options market implying a post-results move of about 6% in either direction for the chipmaker. Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses earnings from Macy's and Abercrombie & Fitch. Macy's posted better-than-expected quarterly results, with comparable-store sales falling less than analysts had anticipated and revenue of $4.6 billion surpassing the average estimate. -Abercrombie & Fitch shares rose sharply after the retailer upped its full-year outlook. Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Manager, discusses Stellantis appointing Antonio Filosa as its new CEO, effective June 23, to turn around the company after former boss Carlos Tavares was forced out.
Yahoo
10-05-2025
- Business
- Yahoo
Zip Co (ASX:ZIP) Jumps 54% Over Last Month
Zip Co recently experienced a price move of 54% over the last month. While there were no significant overall market shifts—remaining flat over the past week—the company's substantial gain stands out against the broader 12-month market growth of 8%. With no major external market-driven forces influencing this uptick, attention shifts to internal events as potential catalysts. Even though additional market-specific news like anticipated earnings growth across sectors was present, it neither strongly aligned with nor opposed Zip's noteworthy performance, suggesting the company's unique internal developments played a key role in its recent valuation increase. You should learn about the 2 warning signs we've spotted with Zip Co. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The recent surge in Zip Co's share price might signify investor optimism surrounding the company's strategic shifts and internal developments, such as expanding its U.S. market presence and partnerships like those with Stripe. Considering the share price surged 88.38% over the last three years, this suggests a strong long-term performance compared to the Australian Consumer Finance industry's 13.2% growth over the past year. Such a large return over three years sets a promising precedent for potential future gains. This optimistic outlook likely impacts revenue and earnings forecasts, as analysts project an annual revenue growth rate of 18.1% over the next few years. Forecasted profit margins are expected to turn from the current 4.6% decline to a positive 12.0% in three years. Such predictions hinge on the successful execution of strategic partnerships and product innovations, paving the way for A$187.9 million in future earnings. However, market conditions inherently carry risks that could impact these forecasts. In the current context, the price movement positions Zip Co's shares significantly below the consensus analyst price target of A$3.33. Given today's share price of A$1.73, this suggests potential upside based on analyst projections. Overall, these elements reflect the complex interplay between market perceptions, company strategies, and financial forecasts that continually shape Zip Co's market valuation. As always, individual due diligence remains crucial for investors assessing the company's potential. Learn about Zip Co's historical performance here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ZIP. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
2 Things You Must Do Now If You've Defaulted on Your Student Loans
Borrowers who haven't made any payments on their student loans for roughly nine months — 270 days — are in default status. At any given time, an average of 8.15% of borrowers are in default and 10.3% of borrowers default within the first three years of repayment, according to Education Data Initiative. Trending Now: For You: Defaulting on your student loans not only makes you ineligible for further federal student aid until you resolve the default but it also can result in garnished wages, loss of tax refunds or Social Security checks and negative credit reporting, according to Consumer Finance. The good news is that options are available to help. Here's what you should do now if you've seriously neglected your student loan payments. If you haven't made student loan payments in months and are unsure if you're in default, you can check. 'Borrowers can check their loan status by logging in to where they can verify loan status and obtain servicer information,' said Stacey MacPhetres, student loan expert and senior director of education finance for EdAssist by Bright Horizons. 'Additionally, upon login in, defaulted borrowers will see an urgent message regarding their account statuses.' Try This: If you confirm that your loans are in default status or have received written notice that they are, you should contact your student loan holder — the entity that owns your loan, such as the U.S. Department of Education — to find out what to do next. If you're unsure of the holder, log in to your student loan account to find the information. Here's a look at the different options available to get your loans back on track. While immediately paying off thousands of dollars in student loans isn't practical for the majority of borrowers who have defaulted, it is an option to quickly solve the problem. Another option is to rehabilitate your loans. Contact your loan holder to begin the process. According to a rehabilitation is only available once during the life of your loans. The steps depend on the type of student loans you have. If you have Direct or FFEL loans, you will sign a written agreement promising to make nine monthly payments within 20 days of the due date and make all required payments within 10 consecutive months. Payments, which are determined by your loan holder, will be reasonable and affordable and could be as low as $5 depending on your income. 'Completion of the rehabilitation plan will then take the loan out of default, remove it from the credit report and allow the borrower to resume repayment,' MacPhetres said. A final option to get out of default is to consolidate your loan(s) into a new Direct Consolidation Loan. This pays off your defaulted loans and replaces it with a new one. However, when you consolidate, any unpaid interest is added to your principal balance, which means you'll end up paying interest on a higher amount and could end up paying more over time than other options. To qualify, you'll need to either agree to repay the new loan under an income-driven repayment plan or make three consecutive, on-time payments on the defaulted loan before applying to consolidate. If you take the three-payment option, your loan holder will determine reasonable and affordable monthly payments based on your income. Unlike loan rehabilitation, however, loan consolidation won't remove the default from your credit history, according to More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying How Far $750K Plus Social Security Goes in Retirement in Every US Region 4 Things You Should Do if You Want To Retire Early 12 SUVs With the Most Reliable Engines Sources Stacey MacPhetres, EdAssist by Bright Horizons. This article originally appeared on 2 Things You Must Do Now If You've Defaulted on Your Student Loans Sign in to access your portfolio
