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Financial services firms are expected to continue their earnings gains, but loan, asset and earnings expansion may slow somewhat as economic shifts shake up investors and financial firms slow their domestic expansion. Mutual fund management services have increases assets under management steadily, but crisis in overseas economies could influence corporate profits.

The financial services industry has benefitted from the economic expansion of the 1990s in the US as an increased number of borrowers and manageable assets have allowed revenues and profits to soar. In addition, commercial banks have purchased many finance companies in order to diversify away from their core operations. These stocks are timely in 1998, but investors need to focus on the least volatile for the next 12 months.

Rising delinquencies and fears that gain-on-sale accounting models may not be viable have shaken the financial services industry a number of times in the 1990s. However, the moderate expansion of the economy during the same time period and macro-economic trends have had positive influences on the industry. These stocks have performed well in the bull market of the 1990s, but investors must evaluate them individually before making commitments.

The financial services industry has been impacted positively by the income growth, interest rate, and other macroeconomic trends of the 1990s, which has had few of the negative impacts of past expansions. The industry has also built a technologically advanced infrastructure, which will enhance competitiveness, and asset management services have grown, as well. These stocks are timely, and many are suitable for conservative investors.

The financial services industry has seen positive macro-economic trends during the 1990s, with few excesses that usually accompany economic upswings. A favorable interest rate environment has also been created by lower interest rates, and competition is increasing for asset management services with the bull stock market and aging baby boomers. There are several good stock selections in this industry for investors to consider.

Denis Alter is bent on saving the giant credit card company Advanta Corp, which his father had built, from bankruptcy. The increase in personal bankruptcies and repricing have contributed to the financial troubles of the company.

The financial services industry has proven a timely investment since Sep 1989. Financial services stocks are expected to continue to perform well. The industry is expected to continue to do well during 1997 and throughout the rest of the decade. The moderate economic expansion in the US during the mid-1990s has proven benefit for the profits and stocks of the financial services industry.

Low inflation and favorable interest rates have led to good earnings in the financial services industry for the 3rd qtr of 1996. Personal income gains, in addition to the interest rate environment and low inflation prospects, are also likely to provide for non-bank lending growth and good earnings for both the near- and short-term. These stocks are timely for 1996 and 1997, and have good price potential for the next three to five years.

The financial services industry has had strong profits and increasing stock prices since early 1995. Low inflation, small personal income gains and good interest rates have enabled this industry to grow through providing loans to various market sectors. The short-term and long-term prospects of the financial services industry should continue to be excellent.

Financial services stocks remain timely for 1996 and 1997. Credit card transaction volume, along with the number of cards, continues to rise, but deteriorating credit quality and increasing competition are new concerns. Investment firms are prospering with the bull market, and lending companies are performing well with focused lending. These stocks have only average potential, however, and must evaluated on an individual basis.

Favorable interest rates are benefitting the financial services industry and profits should grow in 1996. Credit card use is growing, with new accounts and transaction volume remaining strong. Chargeoffs have increased, however, with lower credit quality. Cross selling is also increasing in the industry as a marketing tool. Financial services stocks will outperform the market for the next six to 12 months, but then contract in the late 1990s.

There were strong earnings for the financial services industry, especially credit card issuers, in 1995, due mainly to easing interest rates. However, increased competition and other factors will have an effect on results in 1996. Several consumer and commercial lending companies are increasing their market share, and the rising stock market is benefiting asset management firms. These stocks will perform with the market in 1996.

Strong demand for consumer and commercial credit is reflected in financial services companies' revenues and earnings. Nontraditional outlets and marketing incentives are helping credit card transactions grow at 15% per year. Market share competition, however, from banks and others will have an effect on credit quality. Although several of these stocks are volatile, they will outperform the market in 1995 and 1996. Company reports for major financial services companies are included.

Financial services companies continue to enjoy earnings growth despite the interest rate increases of 1994. Competition has caused many credit card issuers to offer lower rates or other incentives. The industry is being segmented by the proliferation of small niche companies offering extremely specialized services. These companies will likely enjoy double-digit earnings growth through the year 2000.

Credit card deliquencies were worse than expected, new customers didn't stay with the company. SPRING HOUSE - Signs of trouble at Advanta Corp. foreshadowed its first-quarter loss and decision to [...]

Bond investors are becoming more reluctant to invest in credit card banks as statistics have indicated financial troubles for some and a rise in the cost of doing business as more credit card accounts become delinquent. The $20 million 1st qtr loss announced by Advanta Corp., a bank which specializes in the credit card issuing business, alerted bond investors to the potential problems for such financial institutions. The spread between Treasury yields and card specialist bond yields grew by approximately 80 basis points after Advanta's announcement., Bond investors are growing wary of rising credit card delinquencies. The gap, or spread, between Treasury yields and the yields on the bonds of card specialists widened this week on [...]

Advanta Corp., an issuer of bank credit cards, predicts a $20 million loss for the 1st qtr 1997. The company has hired an acquisitions specialist, BT Wolfensohn & Co., for guidance in seeking a possible joint venture or merger. Widespread bankruptcy and rising debt chargeoffs are weakening the credit card industry. Also troubling Advanta is the resignation of newly-hired chief operating officer, David A. Brooks., Advanta Corp., one of the jewels of the credit card industry, may be on the block. Faced with rising chargeoffs and consumer bankruptcies, the Spring House, Pa.-based card company said [...]

Recognizing a faster than planned rise in prepayments, Advanta Corp. took a pretax charge of $23.9 million to its second-quarter earnings Tuesday; it also revised its prepayment assumptions. Advanta, based [...]

Credit card specialists posted varied results in the third quarter, amid further signs that the rise in loan losses is starting to slow. MBNA Corp. recorded a 33% jump in [...]

Credit card specialists reported mixed results for the second quarter, with the continued profitability of MBNA Corp. setting a standard for the industry. While MBNA's earnings rose 34% from the [...]

SPRING HOUSE - Advanta Corp.'s moves to spruce up its credit-card portfolio are getting a wary eye from Wall Street and raspberries from consumers on the Internet. The Montgomery County-based [...]

Advanta Corp is expected to post 1st qtr 1997 losses of $20 million and the company has announced that it has hired investment banker BT Wolfensohn to carry out a comprehensive review of all aspects of its business strategy. To forestall further losses, Advanta says that it would implement advanced risk management systems and improve collections, among other things. The company also plans to reduce its credit card introductory period and reprice some of its riskier loans., The byword in the credit card business these days is risk management, and any shortcomings can be stinging. Just ask Advanta Corp. As one of the monoline card issuers, Advanta [...]

Industry analysts are warning that profits could disappear and margins shrink in the credit card industry due to overcrowding in the marketplace. A $20 mil. loss has been projected for Advanta Corp for the 1st qtr of 1997 and others could see similar results in the near future. Gary Gordon of PaineWebber Inc believes that consumers can too easily migrate from one credit card company to another with too many players in the field., Some experts were surprised when Advanta Corp. projected a $20 million loss for the quarter, but Gary Gordon was not among them. For some time Mr. Gordon, a consumer lending [...]

The four bank-credit-card specialists, Advanta Corp, Capital One Financial Corp, First USA Inc, and MBNA Corp, all posted 1st-qtr 1996 net income gains of 33-34%, but Advanta outpaced its competitors in managed-receivables growth. Advanta's receivables grew 64%, compared to an average of 40% for the other three companies. Sanford C. Bernstein and Co analyst Moshe A. Orenbuch noted that Advanta is adding more accounts and enjoying higher account balances than its competitors., In the horse race to boost credit card profitability, the four bank card specialists went neck and neck in first-quarter net income growth. But Advanta Corp. rounded the turn ahead [...]

Four bank credit card companies posted strong 4th qtr 1995 earnings, despite fears over rising card spending and delinquency rates. Capital One Financial Corp's net income rose to $37.8 mil, a 73% gain compared to the same quarter in 1994. MBNA Corp posted net income of $110.2 mil, up 34%, but also had a delinquency rate of 3.7% and losses on outstandings of 2.94%. ADVANTA Corp posted $37.6 mil in net income, up 31%; First USA Inc posted $58.9 mil, up 39%., MBNA Corp., First USA Inc. Capital One Financial Corp., and Advanta Corp. reported robust fourth-quarter earnings. The four bank card specialists had reported similarly strong third quarter earnings. The strong [...]

First-quarter marketing efforts are paying off for companies that specialize in credit cards. Capital One Financial Corp., the nation's 12th-largest issuer of credit cards, said that net income grew 16.5% [...]