Finance – Chance For Rosi Thu, 02 Dec 2021 19:38:31 +0000 en-US hourly 1 Finance – Chance For Rosi 32 32 Anyone who has wanted to monitor salary progress or unstable credit records recognizes Thu, 02 Dec 2021 19:38:31 +0000 Anyone who has wanted to monitor salary progress or unstable credit records recognizes

Our personal finance items are perfect for those who find themselves with unexpected bills, starting a small business, or just need a quick use of a little extra cash.

At supply for All, we understand brand finance in and out. After years in this particular organization, we have now had quick bad reactions using many of Ontario’s many loans, it is reliable. We pride ourselves on having thoroughly investigated each loan provider and making sure that all of our clients are getting the best numbers and content for their unsecured loans.

With Loan For The Most, you can create a loan uniquely and efficiently with a professional loan provider from the absolute comfort of your own home. Thanks to our whole program which works online with nasty artificial intelligence, you can get the ultimate results of course in several times, unlike the many months it usually takes to find financing from a bank on your own. And, you can still consult between an interpreter who can be friendly in cases where.

Why consult an unsecured personal loan from the bank?

Today, there is no dearth of outstanding lender debt and you can even distinguish the people who are actually capable of bringing in wealth. You can expect to wonder why join an unsecured personal bank installment loan company in Maryland to lend? Generally, are they only if you have a low consumer credit score assessment?

The truth is, unsecured consumer credit can come in handy when you yourself have a good or substandard account. This is a professional technique with a good active character to avoid the normal long waits when using financial services which are truly traditional. With single unsecured debts, your own money is paid back for a particular duration through automated monthly payments, and most importantly, you could get the funds you should have since you are looking for it.

Below are some of the most important advantages of trying to find an unsecured loan that is private loan for the most part.

Turbo much better advantageous advantage of an unsecured buyer mortgage loan could be the software is actually much more modest compared to home financing from traditional creditors. The truth is that among all the different types of financial loans, unsecured signature loans are in fact in nature, it is definitely the fastest debt to get recognized.

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Fully Protected The ease of use for getting debt online market should not reach any real value with this security of your personal data. At Prêt pour tous, precautions were our major personal concern. When you use our entire AI process, every step of the way is completely reliable stopping to eliminate backups, showing that all information obtained through our personal website is truly covered every step of the way.

Applying for unsecured short term loans certainly won’t just suggest that your laptop or computer data is in danger. The term unsecured refers to the proven fact that a person who gets the loan doesn’t have to be sure to be a problem to get that money. We have all the security measures to ensure your own facts which may be particularly private.

Easy your allowance, anyone who’s had to deal with salary developments or unstable card words knows it’s hard to try and cost you as a borderline, and it’s a concern that can usually save you money. money from one calendar month to another. upper. Many of the worst credit scores are in fact simply for those who are unable to function as the best choice among deliberately complicated conditions.

At everyone’s disposal, our goal is usually to do everything right as easily as possible, which means you can cook for the economic future. All of our short term loans which have been specially developed to be very easy to follow in your monthly spending strategy. You know that the very accurate total will be returned every month at the start, which means you can plan properly after you have paid off the loan.

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4 things to consider when obtaining a Wed, 01 Dec 2021 02:00:00 +0000

LOS ANGELES, Nov. 30, 2021 (GLOBE NEWSWIRE) – Installment loans can be great financial tools for people who need to cover unexpected bills or make large purchases. But before going ahead with this type of loan, potential borrowers should weigh a few factors. Here are some important things borrowers can consider when getting installment loans online:

1. Credit score

Borrowers should first consider their credit rating before obtaining an installment loan. Borrowers with high scores may have access to more options, such as lower interest rates and larger amounts, but there are also many opportunities for borrowers with fair or poor credit. These borrowers can look for lenders who check other factors in addition to their credit rating, such as income and employment status, to increase their chances of getting a good loan.

2. Advantages and disadvantages of installment loans

Installment loans may not be suitable for everyone, so borrowers should weigh the pros and cons of other types of loans.

Here are some advantages of installment loans:

  • Scheduled payments – This makes it easier to budget for the loan.
  • Lower interest rates– Borrowers can save on interest in some cases compared to other short term loans.
  • Large quantities available – These can help borrowers make major purchases without having the cash on hand.
  • Refinancing option – Many installment loans include the ability to refinance during the life of the loan.

In the meantime, there are a few drawbacks to be aware of:

  • Conditions may vary from one lender to another – Borrowers should do their research. Some lenders may offer high rates or low amounts.
  • Fees and penalties – Late fees, origination fees (charged to take out the loan) and prepayment penalties (some lenders charge this if a borrower prepays a loan) are all possibilities.

3. Security and legitimacy of the lender

There are crooks and bogus companies that can try to steal borrowers. Fortunately, borrowers can avoid illegitimate lenders by doing research.

For example, all lenders must be licensed in each state in which they operate. Borrowers can go to the lender’s website and see if they list it. Otherwise, they may not be a legitimate lender.

Borrowers can also explore rating and review sites. Lenders with four or five stars and thousands of ratings can be safe. But borrowers should always verify that a lender is legitimate in some other way, as some illegitimate lenders may pay for fake reviews.

4. Ability to repay the loan

Finally, borrowers should make sure they have room in their budget to repay the loan. They must take into account the amount of principal and interest. This way, they can make every payment on time and avoid late fees or credit damage.

Consider these factors before getting an installment loan

With so many types of loans available, borrowers should make sure that an installment loan is really the right choice for them. They should look at their credit rating, weigh the pros and cons of these loans, budget for the loan repayment, and make sure they are borrowing from a safe lender. By doing so, they can enjoy the benefits of installment loans without any problem.

Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.


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HKMA reinvents digital finance with the CDI Mon, 29 Nov 2021 10:57:40 +0000

One year after the introduction of a consent-based data sharing platform Trade data exchange (CDI), Hong Kong Monetary Authority (HKMA) last month shared a few successful proof of concept cases during FinTech week 2021. These cases illustrate the transformation of banking operations and present new digital opportunities for Hong Kong businesses.

Designed to enable more efficient financial intermediation in the banking system and improve financial inclusion in Hong Kong, CDI is a neutral and secure platform for sharing alternative financial data between banks and data providers when owners data (i.e. companies, SMEs or individuals) give their consent.

For banks, it is about assessing the risks

To demonstrate the business value of CDI, HKMA shared proof of concept case that transform the traditional bank credit scoring model via alternative data to reduce costs and speed up the SME loan approval process.

“The risk and cost of providing loans to SMEs was previously high for traditional banks,” said Zanjun Xu, deputy general manager of the commercial banking department of Bank of China (Hong Kong) Limited at FinTech Week 2021. She explained that banks “use the same risk assessment mechanism for companies to review the operations of SMEs with smaller loans.”

Xu said that most SMEs might not have a well-equipped financial system to provide adequate financial data. Thus, it costs more time and resources for banks to review, verify and analyze data for risk assessment. The CDI gives access to more operational and up-to-date data, giving banks “a better image of SMEs to understand their potential growth,” she said.

“It also allows banks to better compare the operations of SMEs within the industry, which gives them a different perspective to assess risk,” said Ryan Fung, Managing Director, Ping a OneConnect bank (PAOB), during the same event.

For SMEs, this removes the current pain points

Fung added that the CDI also solves the financial problems of SMEs, especially in opening bank accounts or accessing loans.

In an effort to make these banking services more accessible for SMEs, Fung said the PAOB participated in the CDI proof-of-concept exercise and partnered with TradeLink, a provider of government electronic trading services (GETS). GETS is an electronic services platform that enables the business community to submit documents to the Hong Kong government for the purposes of customs control, trade declaration, trade control and compilation of statistics. With its consent, TradeLink will provide similar information to PAOB, supporting its credit assessment processes.

Fung said TradeLink provides trade data as recent as 14 days, providing updated and validated information to the bank to create credit scoring models.

A similar model has been designed to provide trade finance solutions to SMEs by partnership with GS1 Hong Kong and access its data, said Winnie Tung, managing director and head of corporate banking, Standard Chartered Bank (Hong Kong) Limited.

GS1 operates the B2B ezTRADE platform, containing the digital transactions and sales records of nearly 2,000 companies in Hong Kong and China in the retail, FMCG, cosmetics, personal care industries. health, food and food service. Tung said ezTRADE members can consent to share their data on the platform with Standard Chartered Bank for financial health analysis, which facilitates collateral or financial statement requirements to access services. trade finance.

Another example is the partnership between HSBC and HKTV Mall, where merchant data, including turnover and reimbursement records of different types of merchandise, can be shared with HSBC with merchant consent to analyze and forecast business performance during the assessment process and credit monitoring.

For traders, they can take advantage of BNPL

The value of CDI goes beyond access to loans, said Peter Koo, Partner, Risk Advisory, APAC Leader, IT and Specialty Insurance at Deloitte Touche Tohmatsu.

He said that another important opportunity for CDI, especially for retailers, is to enable the growth of Buy now, pay later (BNPL). Targeting Gen Z consumers or customers with no extended credit history, BNPL is the emerging payment option supported by point-of-sale installment loans.

Also transforming the traditional credit assessment process, BNPL providers aim to provide short-term, interest-free financing for consumers without a credit card. But in Hong Kong, BNPL is available with limited options, including livi Pay Later or e-Mall atom, to support small transactions between HKD 5,000 and HKD 10,000. In order for BNPL providers to better manage risk or payment delays, Koo said they could use CDI to access individuals’ digital fingerprint data, with their consent, in building a business model. ‘Risk Assessment.

“BNPL is a very popular payment option for electronic shopping malls in China, and it’s starting to gain momentum in Southeast Asia,” Koo said.

He said CDI could support the rise of BNPL, which is expected to provide retailers and merchants with promising opportunities to tap into the Gen Z market and small families. CDI can also be the foundation for transforming the local banking system, enabling digital services similar to the open and vibrant banking market in Europe, Koo concluded.

Sheila Lam is the editor-in-chief of CDOTrends. Covering IT for 20 years as a journalist, she has witnessed the emergence, hype and maturity of different technologies, but is always excited afterwards. You can reach her at [email protected].

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Interest rate on credit card transactions still capped at 2% per month Fri, 26 Nov 2021 21:10:00 +0000

As the adoption of credit cards continued among Filipino consumers, the Monetary Board decided to keep the caps on interest rates and finance charges unchanged in order to ease the financial burden on users.

Pursuant to Circular No. 1098 of Bangko Sentral ng Pilipinas (BSP) of September 24, 2020, the maximum interest rate or finance charge on the outstanding balance of a cardholder’s credit card is set at 2% per month or 24% per year.

Holistic assessment

The monthly mark-up rate that credit card issuers can charge on installment loans has also been kept at a maximum rate of 1%.

In addition, the maximum processing fee on the use of credit card cash advances remains at P200 per transaction.

“The Monetary Council’s decision is based on an overall assessment taking into account developments in the macroeconomics, the state of credit card financing as well as the safety and soundness of banks and other credit card issuers,” BSP Governor Benjamin E. Diokno said. A declaration.

“It will also continue to help ease the financial burden on consumers through affordable prices for credit cards,” Diokno said.

Increase in applications

He added that maintaining the existing ceiling was in line with the current low interest rate environment.

At its last policy meeting, the Monetary Council kept the overnight repo facility at 2%, the lowest policy interest rate since the start of the pandemic in early 2020.

According to the BSP, the number of monthly card requests swelled 175% year-on-year in June 2021 to around 646,000 requests compared to 235,000 requests in the same month last year.

In the same comparative months, card billings jumped 29.5% year-on-year to 73 billion pesos from 56.3 billion pesos.

As of June, there were a total of 10.2 million credit cards, both valid and newly issued, an increase of 9% from 9.4 million cards in the same month of 2020.

The BSP also said credit card receivables contracted monthly in the first half of the year, albeit on a slowing trend.

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BSP maintains 24% interest rate cap on credit card transactions │ GMA News Online Fri, 26 Nov 2021 03:05:29 +0000

The Monetary Council of Bangko Sentral ng Pilipinas has maintained the annual interest rate cap of 24% on all credit card transactions, the central bank said on Friday.

In a statement, the BSP said that “the maximum interest rate or finance charge on a cardholder’s outstanding credit card balance remains at 2% per month or 24% per year.”

Credit card interest rate ceilings comply with BSP Circular No.1098 of September 24, 2020.

The central bank also said that the additional monthly rates that credit card issuers can charge on installment loans are kept at a maximum rate of 1%.

The maximum processing fee on the availability of credit card cash advances remains at P200.00 per transaction, he said.

“The Monetary Board’s decision is based on an overall assessment taking into account developments in the macroeconomics, the state of credit card financing as well as the safety and soundness of banks and other credit card issuers. It will also continue to help ease the financial burden on consumers through affordable prices for credit cards, ”BSP Governor Benjamin Diokno said.

Maintaining the current cap is in line with the current low interest rate environment, according to the central bank.

At its recent policy meeting, the Monetary Council kept the overnight repo facility at 2%, the lowest policy rate since the start of the pandemic.

BSP said data shows credit card business activity improved in 2021, as evidenced by growth in monthly card applications, card billings and cards issued, supported by an increase in l ‘economic activity.

He said the number of monthly card requests increased significantly by 175.1% year-on-year in June 2021 to around 646,000 requests compared to 235,000 requests in June 2020.

Monthly card billing also increased 29.5% year-on-year in June 2021 to 73.0 billion pesos from 56.3 billion pesos a year earlier.

The number of issued and outstanding credit cards or in force credit cards also increased 8.7% to 10.2 million cards, from 9.4 million in the same period.

The BSP said the limits on credit card transactions remain in place unless they are revised.

The central bank has indicated that it will continue to closely monitor the impact of the caps on the state of credit card financing and the sustainability of credit card operations of banks and credit card issuers in the context of the evolution of the COVID-19 pandemic. —LBG, GMA News

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RBC Capital stands by its buy rating for First Commonwealth Financial Corp. By Wed, 24 Nov 2021 01:46:00 +0000

RBC Capital analyst Steven Duong maintained a buy rating on First Commonwealth (NYSE 🙂 Financial Corp. on Tuesday, setting a price target of $ 19, or about 18.82% above the current price. of the stock of $ 15.99.

Duong is waiting First Commonwealth Financial Corporation . to show earnings per share (EPS) of $ 0.36 for the fourth quarter of 2021.

The current consensus between 2 TipRanks Analysts are for a moderate buy rating of First Commonwealth stocks, with an average price target of $ 17.5.
Analysts’ price targets range from a high of $ 19 to a low of $ 16.

In its latest earnings report, released 9/30/2021, the company reported quarterly revenue of $ 97.89 million and net income of $ 0. The company’s market capitalization is $ 1.52 billion.

According to, Steven Duong, analyst at RBC Capital is currently rated with 5 stars on a 0 to 5 star rating scale, with an average performance of 34.9% and a success rate of 81.48%.

First Commonwealth Financial Corp. is a financial holding company that provides a diverse range of banking services to individuals and businesses through its banking subsidiary, First Commonwealth Bank (FCB). It also provides trust and wealth management services and offers insurance products through FCB and its other operating subsidiaries. The company’s consumer services include Internet, mobile and telephone banking services; a network of automated teller machines; personal checking accounts; paid checking accounts; savings accounts; insured money market accounts; debit cards; investment certificates; fixed and variable rate certificates of deposit; secured and unsecured installment loans; construction and real estate loans; safes; lines of credit with overdraft protection; and IRA accounts. Its commercial banking services include commercial loans, chequing accounts for small and large businesses, online account management services, ACH origination, payroll direct deposit, commercial cash management services, and credit agreements. redemption. The company was founded on November 15, 1982 and is headquartered in Indiana, Pennsylvania.

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Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

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Some new techniques for unlocking asset loans for business financing Mon, 22 Nov 2021 14:09:11 +0000

Most SMEs have significant cash tied up in assets, such as inventory, machinery, equipment, real estate, or financial assets. Using these assets in a simple and flexible way for loans could unlock huge amounts of cash and alternative sources of business finance. In this blog, we discuss new techniques to make the qualification of underlying assets more fluid and automated.

In the B2C market, consumer loans can already be initiated with a few clicks and entirely online. This is for example the case with credit cards, overdrafts, installment loans and more recently Buy Now Pay Later (BNPL). Additionally, many banks are further digitizing their mortgage origination processes, allowing clients to simulate and initiate a home loan without going to the bank branch.

In the B2B market however, we are still seeing a lot of manual effort. For larger businesses, this may be justified to some extent, given the generally high amounts of credit and the high degree of customization. However, for SMEs this is less acceptable from both the customer’s and the bank’s point of view.

The client representative is often the CEO (or CFO) who performs these operations themselves, which means they want it to be as quickly and efficiently as possible. Additionally, SMEs often lack the tools to optimize cash management, which means that issuing credit quickly can mean the difference between the life and death of the business. For banks, (lower) SME loan amounts often do not justify a high degree of human interaction, as this would reduce profit margins.

As a result, there is a need for further digitization (in the form of online self-service). Many SME loan products are already well automated, such as an overdraft facility or a tax credit, and more recently several Fintech offers have entered the market automating invoice factoring (i.e. using the accounts receivable or invoices as the underlying asset product for a credit). Nevertheless asset loans remain fairly manual, because the underlying asset (collateral) must be identified, described, analyzed (for example, verify the quality, ownership of the asset, the liquidity of the asset, etc.) and valued, which is much more difficult to automate.

However, new techniques can make this much more fluid and automated qualification of the underlying assets. Some examples are:

  • In the event that the asset relates to a securities account or an insurance contract under management with the bank, a Lombard credit loan may be ideal. These assets being very standardized and under the total control of the bank, it is possible to generate these credits in a few clicks. Cfr. the Lombard² offer from Capilever.
  • IoT devices (like sensors) can help with the ongoing monitoring of the underlying assets (i.e. monitor whether the asset still exists and if its quality has not declined). This allows for continuous monitoring of the underlying assets and can automate some labor intensive manual tasks performed today.
  • a automated asset valuation can be done via estimation models, for example by adapting the value using indexes linked to the assets (cf. NLPT offer from Capilever) or by using specific service providers (eg Rockestate).
  • A regular quality and ownership control can be supported by an automated alert when a control is necessary, supported by the uploading of certain supporting documents or a simple photo of the asset (cf. NLPT).
  • Open accounting can help banks get an immediate real-time connection to the company’s latest accounting situation, allowing real-time information to be extracted on certain assets. Tools like Silverfin, Xero, Sage, Intuit QuickBooks, etc. can help you. Such a connection makes it possible to assess the creditworthiness of an SME by evaluating business performance in real time, rather than using outdated annual reports. More and more banks are also offering value-added services to SMEs for financial management (for example to forecast future liquidity). Offering these tools also allows banks to have a better idea of ​​the reliability, liquidity and solvency of an SME client.
  • A number of blockchain-related initiatives are under development, which will publicly store ownership of certain assets (like property, art, etc.).
  • Contract management tools, which allow to automatically generate tailor-made warranty contracts, based on an extended set of rules, which determines how to compose the contract by concatenating a number of paragraphs and standard clauses.

For banks, the valuation of collateral should be a continuous and global effort, that is to say

  • A guarantee should ideally be a mix of different types of assets. For example, a good maintains a relatively stable value and is less risky, but is not very liquid, whereas some stocks could be liquidated much more quickly but can also quickly lose value (for example when the expiry date of the product is outdated). For banks, it may therefore be interesting to use a collateral pool, with different characteristics in terms of value stability and liquidity. The better the quality of the asset pool, the lower the risk of the lender and the lower the interest rate.
  • A continuous monitoring of the underlying assets is required, i.e. not just at the time of origination. This means regular monitoring of the quality and ownership of the asset, a reassessment of the liquidity of the asset and a revaluation of the asset. In this way, the lender ensures that sufficient collateral value remains in the event of credit repayment issues or even payment default. It also means that margin calls must be made when the value of the collateral no longer covers the outstanding credit.

Despite his huge potential as illustrated above, asset-backed loans are always underestimated. Most SMEs have significant cash tied up in assets, such as inventory, machinery / equipment, real estate or financial assets. Use these assets in a simple and flexible way for loans could unlock huge amounts of cash.

For banks and SMEs alike, this can be reliable access to capital with limited risk. It also makes SMEs less dependent on credit scores, which allows for better
prospective credit risk assessment. This means that you can qualify even as a young or new business, as long as you can provide the necessary assets as collateral.

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On the supply side: More retailers are offering “buy now, pay later” vacation financing Sat, 20 Nov 2021 14:39:08 +0000

Buy Now, Pay Later, Funding is becoming a staple for Walmart, Amazon, Target, and many other retailers ahead of the holiday shopping season. Walmart was the king of layaways for years, offering consumers the flexibility to purchase holiday gifts or other big-ticket items on time and at no additional cost.

One caveat was that consumers had to pay for layaway items on a regular basis and the purchase had to be made and picked up at the store by December 15.

This year’s consumers do not have this option. Walmart recently switched to a new financing program offered by Affirm, a finance company that offers installment loans for retail purchases over a period of time.

Peggy Knight, Vice President of Woodridge Retail at Rogers, spent 22 years at Walmart before leaving the company in 2006 as Senior Director of Financial Services. Knight said the switch to Affirm does not replace the layaway. She said many customers who typically use layaway are non-bank and often deal in cash. Affirm and other Buy-It-Now and Pay-On Funding programs require a bank account or credit card on file, which is debited monthly for payments.

“This new program appears to be leaving some of Walmart’s top shoppers out of luck this holiday,” Knight said. “I can certainly understand that setting aside requires more hours of work, and there is the problem of having to store items often in containers behind the store or in back rooms.

“But there’s no way to value all the good publicity Walmart has received over the years when celebrities go to random stores and pay everyone’s layaway before Christmas.”

The other issue with comparing layaway financing and Affirm financing is that Walmart did not charge interest for holding the items and allowing customers to make regular payments. Affirm charges interest in most cases, which is determined by credit score. Walmart said most purchases would incur charges with an APR rate of between 10% and 30% depending on the credit score and the item purchased. Some things are still eligible for a 0% APR rate, but this will usually be a promotional offer affecting certain items only.

This isn’t the first time Walmart has put aside its vacation layaway program. The company cut layaways in 2006, citing a lack of customer interest.

The company brought it back in 2011 on a limited basis and reinstated the program in 2012 under the leadership of Walmart US CEO Greg Foran.

Walmart recently said it chose not to set aside this year due to the decline in usage in recent years. Walmart executives said they believe retailer payment options are now the right solutions for customers today.

Scott Benedict, director of retail studies at Texas A&M University, said he understands the rationale behind setting aside due to labor constraints and the cost of storing items.

“Affirm and other pay-as-you-go solutions have become much more prevalent in recent years as consumers have shopped more online for everything,” said Benedict. “Target hasn’t traditionally offered a layaway and now offers Affirm financing, and that’s a smart move on their part. “

Target recently announced that customers can request Affirm financing for purchases over $ 100. Target has also partnered with Sezzle, another payment solution that allows consumers to pay over time without interest. The Sezzle option, like the Affirm payment plan, requires consumers to apply, and their credit limit varies based on credit rating and repayment capacity.

Consumers who buy through the Sezzle app can place their orders. Sezzle then pays Target for the total purchase. Consumers then set up a repayment plan which is typically four to six weeks depending on the size of the order. Sezzle does not charge interest, but consumers must have a bank account or a pre-loaded Visa or Mastercard debit card with which to pay for the purchase.

“We know our customers want easy, affordable payment options that stay within their family’s budget,” said Gemma Kubat, President of Retail and Financial Services at Target. “Through our partnerships with Affirm and Sezzle, Target is investing in new financial tools that make our shopping experiences more flexible and personalized to customer needs, just in time for the holiday season.”

Bed Bath & Beyond, Macy’s, and Amazon have also recently started offering buyers buy now and pay later for certain purchases.

Mark Vinter, senior economist at Wells Fargo Securities, recently said the financial market buy now, pay later was already causing a stir before the pandemic and is now looking to gain momentum before the holiday season. He said the biggest players in buy now, pay later financing are Affirm, Klarna, Paypal’s Pay in 4 service, and Afterpay, which was recently acquired by the Square mobile payment platform.

Vinter said that part of the popularity of the services is because they are cheaper than paying with most credit cards which charge higher interest rates. He said it’s also an option for consumers who don’t want to go through extensive credit checks and those who may not have a high enough credit score to get traditional cards. He warns that the flexibility of payment options is better called “point-of-sale financing,” saying it could lead some consumers to make purchases they really can’t afford. Vinter said some governments such as the UK have started to regulate the financial sector buy now, pay later.

Vinter said stimulus and monetary support was keeping many households afloat amid the pandemic, and credit scores on average improved as lockdowns limited spending options.

“Consumers remain in a very good position. Yet the growing popularity of these programs invites some credit risk, especially since they are in high demand by younger generations who already tend to have the most difficulty with transforming credit card debt. in serious delinquency. Additionally, while some of these programs have no interest rate, others may have a greater impact on missed payments, ”said Vinter.

A recent survey by consultancy group McKinsey estimated that buy now, pay later platforms have siphoned off between $ 8 billion and $ 10 billion in annual revenue from banks and credit card companies over the past 18 months. McKinsey also estimates that point-of-sale credit will account for between 13% and 15% of unsecured loan balances by 2023, up from 7% in 2019. The survey also found that 60% of those polled said that they were likely to use the point of sale. sales programs over the next six months to one year.

Editor’s Note: The offer side section of Talk Business & Politics focuses on businesses, organizations, issues and individuals engaged in providing products and services to retailers. The Supply Side is operated by Talk Business & Politics and sponsored by Propak Logistics.

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WesBanco, Inc. expects quarterly dividend of $ 0.33 (NASDAQ: WSBC) Fri, 19 Nov 2021 13:56:48 +0000

WesBanco, Inc. (NASDAQ: WSBC) declared a quarterly dividend on Wednesday, November 17, Zack reports. Shareholders of record on Friday December 10 will receive a dividend of 0.33 per share from the financial services provider on Monday January 3. This represents an annualized dividend of $ 1.32 and a return of 3.76%. The ex-dividend date is Thursday, December 9.

WesBanco has increased its dividend by 23.1% over the past three years and has increased its dividend annually for the past 11 consecutive years. WesBanco has a payout ratio of 52.6%, which indicates that its dividend is sufficiently covered by earnings. Equity research analysts expect WesBanco to earn $ 2.48 per share next year, which means the company should continue to be able to hedge its annual dividend of $ 1.32 with an expected future payout rate of 53.2%.

WSBC shares opened at $ 35.10 on Friday. The company has a debt ratio of 0.15, a quick ratio of 0.83, and a current ratio of 0.81. The company has a market cap of $ 2.22 billion, a P / E ratio of 10.17 and a beta of 1.05. WesBanco has a 52-week low of $ 27.08 and a 52-week high of $ 39.87. The company has a 50-day moving average of $ 34.80 and a 200-day moving average of $ 35.30.

WesBanco (NASDAQ: WSBC) last released its quarterly results on Tuesday, October 26. The financial services provider reported earnings per share (EPS) of $ 0.70 for the quarter, missing Zacks’ consensus estimate of $ 0.77 of ($ 0.07). The company posted revenue of $ 148.03 million for the quarter, compared to a consensus estimate of $ 146.23 million. WesBanco had a net margin of 37.95% and a return on equity of 9.23%. The company’s turnover is down 4.6% compared to the same quarter last year. In the same quarter of last year, the company posted EPS of $ 0.66. As a group, research analysts predict that WesBanco will post earnings per share of 3.45 for the current fiscal year.

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Several stock analysts recently published reports on WSBC stocks. Royal Bank of Canada increased its target price on WesBanco from $ 36.00 to $ 38.00 and assigned the company a “sector performance” rating in a research note on Wednesday, September 29. Zacks investment research downgraded WesBanco from a “buy” note to a “conservation” note in a report released on Tuesday, October 5. B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Finally, Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research report on Wednesday, September 29. Seven investment analysts rated the stock with a conservation rating. Based on MarketBeat data, the stock has a consensus rating of “Hold” and an average price target of $ 35.90.

Several large investors have recently bought and sold WSBC shares. Morgan Stanley raised its stake in WesBanco shares from 171.1% in the 2nd quarter. Morgan Stanley now owns 204,113 shares of the financial services provider valued at $ 7,272,000 after purchasing an additional 128,822 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in WesBanco shares by 104.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,714 shares of the financial services provider valued at $ 638,000 after purchasing an additional 9,548 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new equity stake in WesBanco in the third quarter for a value of approximately $ 231,000. 62.19% of the shares are held by institutional investors and hedge funds.

WesBanco Company Profile

WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The community banking segment provides services traditionally offered by commercial service banks, including sight, sight and term commercial accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.

Further Reading: How to Identify Percentages of Decline

Dividend history for WesBanco (NASDAQ: WSBC)

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AAPL dividend announcement $ 0.4000 / share 11/17/2021 Wed, 17 Nov 2021 22:19:08 +0000

On 11/17/2021, Cmt-Com / C & F Financial Corp. (NASDAQ: CFFI) declared a dividend of $ 0.4,000 per share payable on January 1, 2022 to shareholders of record on December 15, 2021.

Cmt-Com / C & F Financial Corp. (NASDAQ: CFFI) has been paying dividends since 1995, has a current dividend yield of 3.1595516205%, and has increased its dividends for 7 consecutive years.

The market capitalization of Cmt-Com / C & F Financial Corp. is $ 179,215,314 and has a PE ratio of 5.99. The stock price closed yesterday at $ 50.64 and has a 52 week low / high of $ 35.31 and $ 55.00.

C&F Financial is a banking holding company. Through its subsidiaries, Co. operates three main lines of business: retail banking through the Citizens and Farmers Bank, which provides retail banking services including various types of chequing and bank accounts. savings, as well as business, real estate, development, mortgage and installment services. loans; mortgage banking services through C&F Mortgage Corporation, which provides mortgage origination services; and consumer credit through C&F Finance Company, which provides auto finance through loan programs designed to serve non-privileged market customers who have limited access to auto finance.

For more information on Cmt-Com / C&F Financial Corp., click here.

Current dividend information from Cmt-Com / C & F Financial Corp. as of the date of this press release are:

Dividend declaration date: November 17, 2021
Ex-dividend date: December 14, 2021
Dividend registration date: December 15, 2021
Dividend payment date: January 01, 2022
Dividend amount: $ 0.4000

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