OneMain Holdings (NYSE: OMF) has built its business on lending to people that other banks turn away. It’s profitable, and for income investors, the dividend yield is hard to resist. But the company also comes with an unsteady history. Up-and-down earnings, slipping loan quality, and a history of lawsuits alleging deceptive sales or marketing practices.
Still, analysts regard it as a Moderate Buy with recent target boosts and reiterated Buys. Investors can find much that appeals, but they might want to be cautious before jumping in without a clear understanding of the company’s books.
