Top consumer finance stocks to buy in 2022

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The consumer credit industry has seen a surge in demand over the past few years. With growing populations across the world, increased urbanization and rising levels of education have led to an increase in the purchasing power of millennials. Different financial services companies cater to the varying needs of consumers at different stages of life. These include home financing, consumer loans, student loans, insurance services, trust funds and more. The consumer credit industry is fragmented with several small public companies that are volatile but have high growth potential for those willing to take risks. Read on to learn more about these stocks and how you can invest in them.

FirstCash Holdings (FCFS)

Headquarters: Austin, TexasCEO: Robert W. Hale Established: 1995 Trade Name: First Cash FirstCash Holdings, Inc. is a leading provider of branded consumer financial products and services in North America. The Company offers a wide range of products and services, including payday loans, deposit advance products, installment loans, lines of credit and cash cards. As of November 30, 2018, the company had 1,015 outlets in 15 states, Puerto Rico, U.FCFS has a market capitalization of $3.3 billion. The Company’s net earnings increased 5.6% to $82.2 million in fiscal 2018 from $77.0 million in fiscal 2017. Diluted net earnings per share for the Company rose 5.6% to $1.53 in fiscal 2018 from $1.43 in fiscal 2017.

IQVIA Holdings (IQV)

Headquarters: Wakefield, Massachusetts CEO: George M. Kern Established: 1999 Brand Name: Quintiles Quintiles Transnational Holdings Inc. (Quintiles) is a global contract research organization (CRO) providing drug discovery and development, bioscience, health care information, analytics and health economics and outcomes (HEHO) services to biopharmaceutical companies, pharmaceutical and biotechnology discovery and development, biopharmaceutical companies, medical devices, diagnostics development and manufacturing organizations, government agencies and other health sector organizations. The Company’s net income increased to $1.8 billion in fiscal 2018 from $1.3 billion in fiscal 2017. The Company’s operating income increased to 2 $.2 billion in fiscal 2018, compared to $1.7 billion in fiscal 2017. The Company’s net income increased to $6.23 in fiscal 2018, compared to $3.86 in fiscal 2017.

ICON plc (ICLR)

Headquarters: London, United KingdomCEO: Adrian C. GorelikEstablished: 2004Brand name: First DirectICON plc is a multinational financial technology company serving customers in the United Kingdom, United States, Canada, Australia and New -Zealand. The Company is engaged in providing savings and investment services, including savings accounts, ISAs and SIPPs, mortgages, insurance and credit card facilities through its platforms digital banking, which have been dubbed “First Direct” for personal banking services, and “FSB” for merchant banking. The Company’s net income increased to $1.1 billion in fiscal 2018 from $794 million in fiscal 2017. The Company’s operating income increased to $1.2 billion in fiscal 2018, compared to $893 million in fiscal 2017. The Company’s net income increased to $6.74 in fiscal 2018 from 4, $62 in fiscal year 2017.

NeoGenomics (NEO)

Headquarters: Thousand Oaks, CA: Donald J. FisherFounded: 2005Brand Name: MyPathMyPath is NeoGenomics’ proprietary, fully automated, high-throughput, sequencing-based genomic test panel that analyzes the entire genome to identify mutations inherited mutations in an individual’s complete DNA sequence, as well as clinically relevant mutations that can be found in only a few genes. The Company’s net income increased to $43.2 million in fiscal 2017 from $36.8 million in fiscal 2016. The Company’s operating income increased to $46. $38.6 million in fiscal 2017 compared to $38.6 million in fiscal 2016. The Company’s net income increased to $1.34 in fiscal 2017 from $1.34 million in fiscal 2017 $00 in fiscal year 2016.

Conclusion

The consumer credit industry has seen a surge in demand over the past few years. With growing populations across the world, increased urbanization and rising levels of education have led to an increase in the purchasing power of millennials. Different financial services companies cater to the varying needs of consumers at different stages of life. These include home financing, consumer loans, student loans, insurance services, trust funds and more. The consumer credit industry is fragmented with several small public companies that are volatile but have high growth potential for those willing to take risks. Read on to learn more about these stocks and how you can invest in them.

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