RBC Cuts Stake in OneMain as Company Surpasses Earnings Expectations

Royal Bank of Canada has reduced its holdings in OneMain Holdings, Inc. (NYSE: OMF) by selling 85,756 shares in the first quarter. The company now owns approximately 947,491 shares, which represents an 8.3% decrease from the previous quarter.

The market value of Royal Bank of Canada's holdings in OneMain is around $50,682,000, accounting for about 0.82% of OneMain's total outstanding shares.

OneMain reported a quarterly earnings per share (EPS) of $1.31, exceeding the consensus estimate of $1.26. The company's net interest income and other revenue increased year-over-year, while receivables growth remained strong.