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Stock Market & Financial Investment News

News Breaks
March 13, 2014
13:24 EDTDLLR, WRLD, CSH, FCFS, RMWorld Acceptance slides after disclosing government probe
Shares of World Acceptance (WRLD), which provides small loans to consumers, are tumbling after the company revealed that the Consumer Financial Protection Bureau had launched a probe of its business practices. WHAT'S NEW: World Acceptance reported earlier today in a filing that it was being investigated by the CFPB. The agency is trying to determine whether finance companies committed illegal acts involving marketing, offering, or extending credit, World Acceptance stated. The CFPB has sought documents from World Acceptance, and has requested that it answer questions as part of the probe, the company added. PRICE ACTION: In mid-afternoon trading, World Acceptance tumbled 18% to $80. Other companies in the sector declined, with Cash America (CSH) sliding 8% to $29.20, Regional Management (RM) sinking 6.5% to $26.25, DFC Global (DLLR) losing 2.25% to $8.70, and First Cash (FCFS) sinking 2.6% to $52.17.
News For WRLD;RM;CSH;DLLR;FCFS From The Last 14 Days
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July 30, 2015
07:27 EDTCSHCash America believes growth will be associated with credit customer demand
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06:17 EDTCSHCash America sees FY15 adjusted EPS 95c-$1.10, consensus 98c
Sees FY15 adjusted EBITDA $117M-$125M
06:16 EDTCSHCash America sees Q3 EPS 17c-20c, consensus 18c
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06:15 EDTCSHCash America reports Q2 adjusted EPS 6c, consensus 5c
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July 28, 2015
11:35 EDTCSHCash America management to meet with Sterne Agee CRT
Meetings to be held on the West Coast August 3-4 hosted by Sterne Agee CRT.
July 23, 2015
16:12 EDTRMRegional Management reports Q2 EPS 41c, consensus 37c
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06:34 EDTWRLDWorld Acceptance reports Q1 EPS $2.71, consensus $2.58
Reports Q1 revenue $137.2M, consensus $145.35M. Q1 loan loss provision decreased 15.1% to $26.2M from $30.9M in the year ago quarter. The provision decreased due to a reduction in net charge-offs, slower loan growth, and a smaller increase in past due accounts that are fully reserved when comparing Q1 to 1Q15. Q1 charge-off ratio improved on a quarter-over-quarter basis. Annualized net charge-offs as a percent of net loans were 11.9% for 1Q15 vs.12.7% during the prior year quarter.

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