Chase Auto posts second-highest origination volume in Q3

Low delinquencies continue in the third quarter

Signage is displayed outside a JPMorgan Chase & Co. bank branch stands in Chicago, Illinois, U.S., on Tuesday, July 10, 2017. JPMorgan Chase & Co. is scheduled to release earnings figures on July 13. Photographer: Christopher Dilts/Bloomberg

Chase Auto posted its second-highest origination volume ever in the third quarter as delinquencies and credit losses remained low. Originations inched up 0.9% year over year to $11.5 billion, falling behind the second quarter’s record $12.4 billion, Chief Financial Officer Jeremy Barnum said today during the bank’s earnings call. Outstandings also increased 9.6% YoY to […]

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