OneMain Holdings Inc (STU:0S1)
€ 53.72 -0.08 (-0.15%) Market Cap: 6.44 Bil Enterprise Value: 26.14 Bil PE Ratio: 12.47 PB Ratio: 2.12 GF Score: 61/100
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OneMain Holdings Inc at Barclays Global Financial Services Conference Transcript

Sep 12, 2022 / 01:45PM GMT
Release Date Price: €37.57 (+1.97%)
Mark C. DeVries
Barclays Bank PLC, Research Division - Director & Senior Research Analyst

I'm very pleased to have team from OneMain joining us. CEO, Doug Shulman; and CFO, Micah Conrad. This is going to be a fireside chat format. So I have a number of prepared questions. We'll take a break in the middle to ask some questions of you, the audience for your views, and I'll open it up for any questions that you might have. But just starting off, I wanted to lead off with credit. It's been top of mind for investors. You increased the full year kind of net charge-off guidance by 50 bps last quarter. Can you recap for investors what happened and what you saw that kind of makes a change there?

Douglas H. Shulman
OneMain Holdings, Inc. - Chairman, President & CEO

Sure. First of all, good to be here. fun to be back in person. So it's nice to see a full room of people after a couple of years of strangeness. So yes, look, if you go back, I think the context is 2020, we really cut our credit box and consumers, including our consumers, we're given a lot of

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