Ally Financial net charge-offs expected to double by year end | Auto Finance News | Auto Finance News

Ally Financial net charge-offs expected to double by year end

Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the end of its fiscal year, Chief Financial Officer Jennifer LaClair said in the company’s earnings call today. Along with shoring up its allowance for credit losses, the auto lender reported a strong second quarter with […]

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