TORONTO - Home Capital Group Inc. says its fourth-quarter profit rose compared with a year ago as its mortgage originations climbed 85 per cent. The alternative mortgage lender says it earned $35.8 million or 46 cents per share for the quarter ended Dec. 31 compared with a profit of $30.6 million or 38 cents per share in the same quarter in 2017. Home Capital Group Inc. logo is seen in this undated handout photo. ( HO, Home Capital Group Inc.*MANDATORY CREDIT* / THE CANADIAN PRESS )Analysts on average had expected a profit of 43 cents per share for the quarter, according to Thomson Reuters Eikon. Mortgage originations for the last three months of 2018 totalled $1.61 billion, up from $872.1 million in the fourth quarter of 2017.

Source: thestar February 22, 2019 11:26 UTC