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Home Capital scheduled its earnings for the three-month period

Home Capital was scheduled to report its earnings for the three-month period ended March 31 on Wednesday, May 3. Home Capital had already pre-announced its earnings for the first quarter, saying on April 21 that it expected to report first quarter earnings of $1.02 on an adjusted diluted earnings per share basis, compared to $0.96 a year ago.
The company also said last Thursday that it had “retained RBC Capital Markets and BMO Capital Markets to advise on further financing and strategic options.”aligaya@postmedia.comtwitter.com/arminaligaya
Embattled alternative mortgage lender Home Capital Group Inc. has postponed the release of its first-quarter earnings until May 11 and pushed back its annual meeting of shareholders until sometime in June, the company announced late Tuesday.
Home Capital’s annual meeting of shareholders will be pushed back from May 11 to a date in June, which is yet to be determined.

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Equitable’s Uninterested in Home Capital or Loan Book, CEO Says

Equitable's Uninterested

RingfencingEquitable on Monday reported record first-quarter earnings almost two weeks earlier than scheduled and announced a C$2 billion ($1.5 billion) loan pledge to ringfence themselves.
Canadian Western Bank CEO Chris Fowler said in an emailed statement Monday that he has no interest in buying all of Home Capital.
The lenders behind the backstop funding include Toronto-Dominion Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and National Bank of Canada, Moor said in a conference call.
I think we’ve achieved that.”
‘Complete Incompetence’The decision was prompted by Home Capital’s move last week to secure a C$2 billion credit line from Healthcare of Ontario Pension Plan.

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Home Capital

The Ontario Securities Commission has scheduled a hearing into the allegations against Home Capital for Thursday.
Beleaguered Home Capital Group Inc. says it is delaying the release of its first-quarter earnings.
Home Capital said results for the period that ended on March 31 will be issued after the end of trading on May 11.
The news spurred many savers to withdraw their deposits, which Home Capital uses to fund its mortgage lending.
Home Capital has said the accusations are without merit and has promised to defend itself.

 

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