A coalition of 13 state attorneys general has launched a lawsuit against OneMain, alleging the subprime lender imposed unnecessary costs on borrowers through add-on products. The potential financial impact from penalties, combined with reputational damage and loss of trust, may negatively affect OneMain's future revenue streams.
Jim Cramer advises selling OneMain Holdings, citing it as 'too risky.' OneMain is set to report Q1 results on April 29. Other stocks like Reddit and Brookfield are recommended positively. Reddit's earnings expected at 2 cents per share. Overall market sentiment appears mixed with specific bearish notes on OMF.
- OMF stock boasts an attractive dividend yield of 8.1% and implements share repurchases. - RBC Capital analyst Kenneth Lee raises OMF price target to $55 based on favorable outlook. - OMF has significant growth opportunities in the non-prime personal loan market. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Research Analysis