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Home » Chase Auto originations up 71% YoY

Chase Auto originations up 71% YoY

Bank could see lower capital requirements from Fed

Amanda HarrisbyAmanda Harris
July 14, 2023
in Earnings
Reading Time: 3 mins read
0
A JPMorgan Chase & Co. bank branch in New York, US, on Thursday, July 6, 2023. JPMorgan Chase & Co. is scheduled to release earnings figures on July 14. Photographer: Michael Nagle/Bloomberg

Photographer: Michael Nagle/Bloomberg

Chase Auto’s origination volume jumped in the second quarter, even as other banks stepped back from auto finance.   Auto loan and lease originations totaled $12 billion, an increase of 30.4% quarter over quarter and 71.4% year over year “as competitors pull back and inventories continue to slowly recover,” Jeremy Barnum, chief financial officer at […]

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Tags: auto originationsauto outstandingsChase Autodelinquenciesjp morgan chasePremium
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