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Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

22.08CAD
15 Jul 2019
Change (% chg)

$0.02 (+0.09%)
Prev Close
$22.06
Open
$22.19
Day's High
$22.73
Day's Low
$21.98
Volume
420,624
Avg. Vol
289,106
52-wk High
$22.73
52-wk Low
$12.48

Latest Key Developments (Source: Significant Developments)

Home Capital Group Q4 Earnings Per Share C$0.46
Friday, 22 Feb 2019 

Home Capital Group Inc ::HOME CAPITAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 EARNINGS PER SHARE C$0.46.Q4 EARNINGS PER SHARE ESTIMATE C$0.43 -- REFINITIV IBES DATA.QTRLY MORTGAGE ORIGINATIONS WERE $1.61 BILLION, AN INCREASE OF $742.1 MILLION OR 85.1%.QTRLY NET INTEREST MARGIN WAS 1.99% COMPARED WITH 2.02% IN 2017.RETURN ON EQUITY FOR QUARTER (ANNUALIZED) WAS 8.1% COMPARED WITH 6.8% IN 2017.QTRLY PROVISIONS FOR CREDIT LOSSES WERE $3.9 MILLION OR 0.10% OF GROSS LOANS.HOME CAPITAL IS READY TO TAKE NEXT STEP IN UPGRADING ITS INFORMATION TECHNOLOGY INFRASTRUCTURE.EXPECTS THAT EARLY SIGNS OF STABILIZATION IN CANADIAN REAL ESTATE MARKET WILL PERSIST FOR MUCH OF 2019.HOME CAPITAL GROUP - EMBARKING ON MULTI-YEAR INVESTMENT INITIATIVE THAT WILL INCLUDE UPGRADE OF CORE BANKING SYSTEM, AMONG OTHERS.BOARD CONTINUES TO REVIEW VARIOUS OPTIONS FOR DEPLOYMENT OF CAPITAL.EXPECTS THAT EARLY SIGNS OF STABILIZATION IN CANADIAN REAL ESTATE MARKET WILL PERSIST FOR MUCH OF 2019.TOTAL ASSETS UNDER ADMINISTRATION AT QUARTER-END $24.68 BILLION.HOME CAPITAL GROUP - QTRLY NET INTEREST INCOME $90.3 MILLION VERSUS $91.7 MILLION.  Full Article

Home Capital Group Inc Announces TSX Approval Of Normal Course Issuer Bid
Monday, 24 Dec 2018 

Dec 24 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. ANNOUNCES TSX APPROVAL OF NORMAL COURSE ISSUER BID.HOME CAPITAL GROUP INC - PURCHASES MAY COMMENCE ON JANUARY 2, 2019, AND WILL TERMINATE ON JANUARY 1, 2020.  Full Article

Home Capital Group Inc Update On Berkshire Hathaway Inc's Ownership Interest
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. UPDATE ON BERKSHIRE HATHAWAY INC.’S OWNERSHIP INTEREST.HOME CAPITAL - AFTER COMPLETION OF SUBSTANTIAL ISSUER BID, PERCENT OWNERSHIP OF CO BY UNIT OF BERKSHIRE HATHAWAY IS PROJECTED TO BE LESS THAN 10%.HOME CAPITAL GROUP - BERKSHIRE'S WARREN BUFFETT SAYS HAVE DECIDED TO SUBSTANTIALLY EXIT FROM INVESTMENT IN CO.HOME CAPITAL - SHAREHOLDERS DID NOT APPROVE ADDITIONAL INVESTMENT, SO BERKSHIRE'S INVESTMENT IN CO IS "NOT OF A SIZE TO JUSTIFY" ONGOING INVOLVEMENT.HOME CAPITAL - BERKSHIRE'S BUFFETT SAYS "BERKSHIRE'S INVESTMENT IN HOME IS NOW NOT OF A SIZE TO JUSTIFY OUR ONGOING INVOLVEMENT".  Full Article

Home Capital Group Inc Announces New Appointments To Board
Tuesday, 2 Oct 2018 

Oct 1 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. ANNOUNCES NEW APPOINTMENTS TO THE BOARD OF DIRECTORS.HOME CAPITAL GROUP INC - HAS MADE TWO APPOINTMENTS IN RELATION TO ITS BOARD OF DIRECTORS.HOME CAPITAL GROUP INC - SUSAN E. HUTCHISON JOINED BOARD OF DIRECTORS EFFECTIVE SEPTEMBER 27, 2018.HOME CAPITAL GROUP INC - HOSSEIN RAHNAMA WAS APPOINTED AS ADVISOR TO BOARD OF DIRECTORS, EFFECTIVE JUNE 1, 2018.  Full Article

Home Capital Q4 Earnings Per Share C$0.38
Thursday, 15 Feb 2018 

Feb 14 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE C$0.38.QTRLY ‍NET INTEREST INCOME $91.7 MILLION VERSUS $120.6 MILLION LAST YEAR ​.SAYS TOTAL LOANS UNDER ADMINISTRATION AT END OF QUARTER $22.51 BILLION, DECREASED BY 14.8% OR $3.91 BILLION FROM $26.42 BILLION AT END OF 2016.  Full Article

Home Capital Comments On Second Statement Of Claim
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Home Capital Group Inc ::HOME CAPITAL COMMENTS ON SECOND STATEMENT OF CLAIM.RECEIVED STATEMENT OF CLAIM ISSUED BY ROLAND KEIPER, BRIAN CHAPMAN, WHO OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION​.‍CLAIM BASED ON ALLEGATIONS OF COMMON LAW AND "STATUTORY MISREPRESENTATION AND OPPRESSIVE CONDUCT", SEEKS $2 MILLION IN DAMAGES​.  Full Article

Home Capital Says Victor Dirisio Appointed New Chief Information Officer
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Home Capital Group Inc ::HOME CAPITAL ANNOUNCES NEW CHIEF INFORMATION OFFICER AND OTHER EXECUTIVE LEADERSHIP APPOINTMENTS.HOME CAPITAL GROUP INC - VICTOR DIRISIO WILL BE JOINING COMPANY AS NEW CHIEF INFORMATION OFFICER.HOME CAPITAL GROUP INC - MIKE FORSHEE WILL JOIN COMPANY AS SENIOR VICE PRESIDENT, UNDERWRITING, EFFECTIVE JANUARY 1, 2018.  Full Article

‍West Face Confirms Draft Statement of Claim was Provided to Home Capital​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - West Face Capital ::‍WEST FACE CAPITAL SAYS REVIEWED PRESS RELEASE ISSUED BY HOME CAPITAL AND CONFIRMS A DRAFT STATEMENT OF CLAIM WAS PROVIDED TO HOME CAPITAL​.‍WEST FACE CAPITAL SAYS IT ELECTED TO OPT OUT OF SETTLEMENT OF SECURITIES CLASS ACTION THIS PAST SUMMER AND RAISED ITS CLAIM WITH HOME CAPITAL DIRECTLY​.  Full Article

Home Capital Says Received Draft Statement Of Claim Prepared On Behalf Of West Face
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Home Capital Group Inc ::HOME CAPITAL - HAS RECEIVED DRAFT STATEMENT OF CLAIM PREPARED ON BEHALF OF WEST FACE.HOME CAPITAL GROUP - ‍WEST FACE LONG TERM OPPORTUNITIES GLOBAL MASTER LP OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION EARLIER THIS YEAR.HOME CAPITAL GROUP INC - ‍AMOUNT CLAIMED AS DAMAGES IN THE DRAFT STATEMENT OF CLAIM​ WOULD BE $70 MILLION.  Full Article

Home Capital Group Q3 ‍shr $ 0.37​
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Home Capital Group Inc :Home Capital reports third quarter 2017 results.Qtrly ‍shr $ 0.37​.Home Capital Group Inc-qtrly ‍total loans under administration were $23.2 billion compared to $26.0 billion as a result of sale of loans and lower originations​.‍During Q3, company's expenses were in line with management expectations​.Home Capital Group - ‍now estimates that balance of non-securitized single-family residential mortgages will be about $10 billion at end of 2017.Home Capital Group-‍moving forward into q4 and h1 2018, expects to experience some continued elevated costs associated with liquidity event.Qtrly ‍net interest income​ $88.8 million versus $119.9 million last year.  Full Article

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