Which financial stock is a better buy? By StockNews
© Reuters. LoanDepot vs. CURO Group Holdings: Which Financial Stock is a Better Buy?
The Federal Reserve announced yesterday that it may raise interest rates next year. And because a higher rate environment helps the financial sector, LoanDepot (LDI) and CURO Group Holdings (CURO) stand to benefit. But which of these two stocks is a better buy now? Read on to find out more. Additionally, its technology platform, mello, works across all aspects of its business, including lead generation, data creation and 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 have been kept close to zero for an extended period, the financial sector rebounded significantly earlier this year as the economy gradually recovered on the back of strong progress on the vaccine front. COVID-19. Additionally, following yesterday’s Federal Reserve announcement, half of US Federal Reserve policymakers now expect to start raising interest rates next year, which should bode well for the financial sector. Thus, LDI and CURO could benefit.
LDI is down 12.9% in price over the past month, while CURO is down 1%. Additionally, in terms of past six month performance, CURO is the clear winner with gains of 9.5% versus LDI’s negative returns.
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