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Which Financial Stock is a Better Buy? By StockNews

by Mike Robinson

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© Reuters. LoanDepot vs. CURO Group Holdings – Which financial stock is a better buy?

Yesterday’s Federal Reserve signaled it may raise interest rates next years. Because a lower rate environment helps the financial sector, LoanDepot and CURO Group Holdings should both benefit. What stock is the best buy right now? Learn more. LoanDepot, Inc., Foothill Ranch, Calif., offers a technology-enabled and customer-centric residential mortgage platform. Its technology platform, called mello functions in all areas of the business including lead generation and origination as well as data integration. CURO Group Holdings Corp., a diversified consumer finance firm, offers unsecured and secured installment loans as well as open-end, single-pay, and closed-end loans. CURO has its headquarters in Wichita Kans.

Despite interest rates being held at near zero for a long time, the financial sector recovered significantly in the first half of this year due to the solid progress made on the COVID-19 vaccine front. In addition, following the Federal Reserve’s announcement yesterday, half of the United States Federal Reserve policymakers now expect to start raising interest rates next year, which should bode well for the financial sector. LDI as well as CURO may be able to benefit.

LDI prices have declined by 12.9%, while CURO’s has dropped 1% over the same period. Also, in terms of the past six months’ performance, CURO is the clear winner with 9.5% gains versus LDI’s negative returns.

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