Weekly Wrap: Q3 earnings bring floorplan declines, strong consumer originations

Bank of America, Truist and U.S. Bank reported Q3 earnings

© Can Stock Photo / jirabu

This week brought a closer look at third-quarter earnings at some of the largest banks, painting a picture of how supply constraints are shaping financial institutions’ performance. Both Bank of America and Truist, for example, logged declines in floorplan outstandings as dealers work with fewer cars on lots. At Bank of America, floorplan balances dropped […]

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