Post Tagged with: "JP Morgan Chase & Co."

Chase Charge-Offs Rise 47% Amid One-Time Change in Reg Guidance

Chase Charge-Offs Rise 47% Amid One-Time Change in Reg Guidance

October 12, 2017 at 12:33 pm 2 comments

Chase Auto Finance’s charge-offs climbed to $116 million in the third quarter, up from $79 million the same time the year prior, following a change in the treatment of customer bankruptcies, according to the bank’s earnings call today. “Auto charge-offs included approximately $50 million of a catch-up reflecting regulatory guidanceRead More

What a Ride! Four Takeaways from 2016

What a Ride! Four Takeaways from 2016

December 28, 2016 at 10:00 am 0 comments

The year of 2016 was a year of many things. It was a year in which the industry made a bid to marry auto lending and fintech. For example, Chase Auto Finance debuted a digital car-buying service, while Lending Club launched an auto refinance product. It was a year thatRead More

Jamie Dimon 
Chairman & Chief Executive Officer
JP Morgan Chase & Co. (Via Wikimedia Commons)

Chase’s Dimon Talks Credit Losses in Auto, Future Regulation

December 6, 2016 at 12:27 pm 0 comments

JP Morgan Chase & Co. remains “cautious” that credit losses could rise in the auto sector, Jamie Dimon, chairman and chief executive officer, of the company said during the Goldman Sachs Financial Services Conference today. The comment came as a brief acknowledgement that there could be a downturn in theRead More

Chase Auto 3Q Originations Grow 14% YoY

Chase Auto 3Q Originations Grow 14% YoY

October 14, 2016 at 11:46 am 2 comments

Chase Auto Finance originated $9.3 billion of auto loans and leases in the third quarter, up from $8.5 billion in 2Q, and up from $8.1 billion at the same time a year prior, the company announced today. The 30+ day delinquency rate for auto was at 1.08% in the thirdRead More

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