|Bid||90.00 x 800|
|Ask||103.50 x 2200|
|Day's Range||97.04 - 100.00|
|52 Week Range||62.51 - 101.16|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||53.93|
|Forward Dividend & Yield||0.30 (0.30%)|
|Ex-Dividend Date||Nov 25, 2019|
|1y Target Est||N/A|
Among the IBD 50 stocks to watch in the current stock market, Tradeweb is barely extended after a recent breakout.
TransUnion reported better-than-expected Q4 earnings early Tuesday. The onsumer credit reporting agency gave mixed guidance.
Generation Z may have grown up during the Great Recession, but they’re coming of age during a historically long economic expansion. A recent study from credit bureau TransUnion (TRU) examines the credit profile of Generation Z, which it defines as those born in or after 1995. Among those Gen Zers who have already reached adulthood in the U.S., 66% are already credit active, meaning they have some sort of loan product.
TransUnion (TRU) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
TransUnion (TRU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- A generation of Americans who were entering adolescence when the financial crisis struck is showing little fear of debt.Members of Generation Z are more likely to run up their credit cards than the Millennials who came before them, new research shows, buoying the financial industry’s hope that today’s teens and emerging 20-somethings will fuel higher profits in coming years.About 41% of eligible Gen Zers, defined as those born in the mid-1990s or later, had a credit card last year, compared to 34% of Millennials reaching the same age in 2012, according to TransUnion. The average 24-year-old last year, for example, owed about $2,000 on their card, about a third more than Millennials at that age in 2012.The figures add to a growing body of evidence that lenders need not worry about young people who eschew borrowing -- despite a propensity for buying secondhand clothes after coming of age in the Great Recession. Banks are hoping to sustain record levels of profit amid a borrowing binge by U.S. households.“Our belief is that the desire for credit among this generation is significant across the board,” said Jason Laky, head of financial services at TransUnion, one of the three big credit bureaus that tracks how households handle debt. “And improving economic conditions will likely serve as a springboard for more credit.”Part of the reason for the industry’s eagerness to lend to consumers between 18 and 24 could be the fact that more of them have a credit score considered prime or above. While 50% of Gen Zers have a score of at least 661, only 39% of Millennials did when they were in that age range, TransUnion found. After all, many Millennials were entering the workforce with hefty student loans as the crisis struck.Still, Gen Z’s openness to debt could impact its accumulation of wealth, leaving many worse off than previous generations. Millennials know this well. Last year, they had 2.9% of the nation’s household wealth, Federal Reserve data show. Some 16 years earlier, similarly aged Americans -- those roughly between the ages of 23 and 38 -- had nearly double that share.To contact the reporters on this story: Shahien Nasiripour in New York at email@example.com;Jenny Surane in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, David Scheer, Dan ReichlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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