Capital One’s auto originations rose in the first quarter while credit performance was largely stable, but provisions for losses increased. Auto originations totaled $11.1 billion, up 20.9% year over year and 9.2% quarter over quarter, according to the bank’s April 21 earnings supplement. Capital One joins Ally Financial, U.S. Bank and Wells Fargo in reporting a Q1 uptick in auto originations. Chase Auto and CarMax Auto Finance reported a dip in originations. Capital One’s outstanding auto […]
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