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Goeasy shares plummeted 60% on March 10, 2026, after it reported $331 million in expected loan losses, suspended its dividend, and entered a lender deal amid credit risk concerns.
Goeasy shares dropped nearly 60% on March 10, 2026, after the company announced a $178 million charge for bad loans in its LendCare business, a $55 million writedown on loan fees, and an $86 million increase in credit loss allowances, leading to total expected net charge-offs of $331 million for Q4.
The company suspended its dividend, withdrew its financial guidance, and entered an accommodation agreement with lenders amid concerns over credit risk and covenant compliance.
Felix Wu was named permanent CFO, effective immediately, as part of broader operational changes including cost reductions, reduced auto and powersports lending, and a shift to direct-to-consumer models.
Full results are expected March 25.
Las acciones de Goeasy se desplomaron un 60% el 10 de marzo de 2026, después de que informara $ 331 millones en pérdidas esperadas de préstamos, suspendió su dividendo y entró en un acuerdo de prestamista en medio de preocupaciones de riesgo de crédito.