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OMF · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is OneMain Holdings, Inc. (OMF) stock moving?
OneMain missed Q3 2026 consensus on both lines: adjusted EPS of $1.51 versus $1.57 expected, and sales of $1.140B versus $1.215B. The company still reported GAAP net income of $185M, GAAP EPS of $1.60 and a $1.05 quarterly dividend, which annualizes to about $4.20, or roughly 7.6% at the Nov 10 close of $55.35. After the release, six brokers published targets in the news set: Deutsche Bank cut to $75 from $80 (Buy), Truist cut to $70 from $71 (Buy), RBC cut to $70 (Outperform), B of A cut to $66 from $67 (Buy), Barclays cut to $59 from $60 (Equal-Weight), and JP Morgan raised to $56 (Underweight). Most targets were trimmed, and the average of the six is about $66, well above the current price, but the ratings split is mixed. The stock fell 4.7% on Oct 30 from $58.23 to $55.49 and has stayed between $54.35 and $56.99 since, closing at $55.35 on Nov 10. Volume was highest on Nov 2 at about 1.39M shares, and has eased to about 828K on Nov 10. The news set contains no Q4 guidance, so the outlook beyond the dividend and analyst targets is unclear.
News behind the analysis
- OneMain Holdings, Inc. Reports Third Quarter 2026 Financial ResultsOneMain reported Q3 2026 net income of $185 million and GAAP EPS of $1.60, and declared a quarterly dividend of $1.05 per share.
- OneMain Holdings Q3 Adj. EPS $1.51 Misses $1.57 Estimate, Sales $1.140B Miss $1.215B EstimateAdjusted EPS of $1.51 and sales of $1.140B both came in below consensus estimates of $1.57 and $1.215B.
- OneMain Holdings Q3 2026 Earnings Call TranscriptBenzinga published the transcript of OneMain's third-quarter 2026 earnings call, held after the Friday results release.
- These Analysts Revise Their Forecasts On OneMain After Q3 ResultsAnalysts revised price targets after the Q3 miss, and the shares were reported up 1.2% to $57.23 on the day.
- Deutsche Bank Adjusts Price Target on OneMain HoldingsDeutsche Bank cut its price target to $75 from $80 and kept its Buy rating.
- RBC Capital Maintains Outperform on OneMain Holdings, Lowers Price Target to $70RBC Capital kept its Outperform rating and lowered its price target to $70.
- B of A Securities Maintains Buy on OneMain Holdings, Lowers Price Target to $66B of A Securities kept its Buy rating and lowered its price target from $67 to $66.
- Barclays Maintains Equal-Weight on OneMain Holdings, Lowers Price Target to $59Barclays kept its Equal-Weight rating and cut its price target to $59 from $60.
- JP Morgan Maintains Underweight on OneMain Holdings, Raises Price Target to $56JP Morgan kept its Underweight rating and raised its price target to $56, still below the current share price.
- Truist Securities Maintains Buy on OneMain Holdings, Lowers Price Target to $70Truist kept its Buy rating and lowered its price target to $70 from $71.
About OneMain Holdings, Inc.
OneMain Holdings is a US consumer lender for nonprime borrowers, meaning people with weaker or limited credit histories. It's known for fixed-rate personal installment loans, often secured by a car, sold through a large branch network plus online, and it has been growing its credit card and auto finance businesses.
How it makes money
Most of its revenue comes from interest on its roughly $28 billion of managed loans and receivables, mainly personal installment loans. Interest income was about $1.5 billion of the roughly $1.7 billion total in Q3 2026. The rest comes from optional insurance products sold with loans, credit card fees, and fees for servicing loans owned by others. It pays for its lending mostly with borrowed money, including asset-backed securitizations and corporate bonds rated below investment grade, so its borrowing costs and loan losses (net charge-offs near 7.5–8% of receivables) strongly affect profits.
What usually moves OMF
- Nonprime consumer credit losses and delinquencies
- Interest rates and funding costs
- Loan origination and receivables growth
- Health of lower-income consumers and the job market
- Consumer lending regulation