Wells Fargo, JPMorgan Chase ratchet up originations in 4Q19 | Auto Finance News | Auto Finance News

Wells Fargo, JPMorgan Chase ratchet up originations in 4Q19

© Can Stock Photo / wrangler

Wells Fargo and JPMorgan Chase ramped up originations in the fourth quarter of 2019, according to earnings reports released today.   Wells Fargo increased auto originations 45% year over year to $6.8 billion, reflecting “the company’s renewed emphasis on growing auto loans following the restructuring of the business,” the report noted. Overall outstandings climbed 6% year over year to $47.9 billion, but direct outstandings dropped 42% to […]

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