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Article: Home Savings plan fails to dazzle analysts. (Home Savings of America)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 11, 1996
- Author:
CopyrightCOPYRIGHT 1996 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nation largest S&L seeks to move into new turf
H. F. Ahmanson & Co. management's plan to tilt its Home Savings of America, the largest savings and loan in the U.S., away from its traditional business and towards consumer banking drew mixed reviews from top Wall Street analysts.
Irwindale-based Ahmanson held an all-day meeting for about 70 Wall Street analysts on Feb. 27 to unveil its long-term strategy, said Mary Trigg, Home Savings spokeswoman.
Charles Rinehart, Ahmanson chairman and chief executive officer, told the Business Journal last month that the company is changing its business strategy because it can not achieve a 15 percent return on equity ...