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Home > Company Index > Financial Services > Consumer Loans > Advanta Corp.

Advanta Corp.
Nasdaq: ADVNB
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 NEWS FROM THE STANDARD
Posts
Apr 05 1999 12:00 AM PDT

Charge! NextCard Has The Banks Running
Nov 16 1998 12:00 AM PST

 PROFILE
Money is in the (credit) cards for Advanta. Once a consumer credit card provider and subprime lender, Advanta now provides credit cards to small businesses. To facilitate operations Advanta owns two banks -- Advanta National Bank and Advanta Bank Corp. Other lines of business include credit-related insurance services and venture capital investments. The company has exited the auto finance business and closed its leasing business to focus on business credit. Advanta sold its mortgage business to Chase Manhattan Mortgage Corporation, a subsidiary of J.P. Morgan Chase & Co.

 COMPETITION
Aames Financial Corporation (AAM)
Citigroup Inc. (C)
Household International, Inc. (HI)

 DEALS
Deal: NextLeft Raises $10 Million
Date Announced: 08.07.00
Value of transaction (US $Mil): 10
Description: Web design and development company raises round of funding.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 293.20
1-Yr. Sales Growth: (48.8)%
Employees: 2,649
Revenue per employee: $110,683.28

 KEY PEOPLE
• Dennis Alter
    CEO
• Philip M. Browne
    CFO

 CONTACT INFO
Welsh and McKean Rds.
Spring House, PA 19477
US
Phone: 215-657-4000
Fax: 215-444-6121
Online: Web Site

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