Oportun Completes Sale of its Credit Card Portfolio
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Oportun (Nasdaq: OPRT) has completed the sale of its credit card portfolio to Continental Finance, marking a significant step in its strategy to enhance profitability by focusing on its core products.
November 12, 2024 | 9:15 pm
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Oportun has completed the sale of its credit card portfolio to Continental Finance, aligning with its strategy to focus on core products and enhance profitability.
The sale of the credit card portfolio is a strategic move by Oportun to streamline its operations and concentrate on its core offerings. This is expected to improve profitability, which is positive for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100