Earnings
Daimler FS Expecting Best Year Ever
Daimler Financial Services recorded earnings before interest and tax of nearly €1.1 billion ($1.4 billion) through September 2014, up 14% from...
Wells Fargo Posts Mixed Auto Results for 4Q
Wells Fargo reported growth in its auto outstandings despite fourth-quarter origination volume that fell to its lowest level since 2012....
Ally Won’t be Hurt by Loss of GM Business, Analyst Says
Ally Financial Inc. should continue to be profitable in 2015, despite the news that GM Financial will soon be the...
Outlook 2015: Lenders Talk Tech, Rising Rates, and Opportunities
While regulatory oversight was the hot topic in 2014, lenders are now focused on the need for speed in the...
CarMax Auto Finance Not Afraid of Rising Interest Rates, Says CFO
A higher interest rate won’t slow down CarMax Auto Finance. The company’s executive vice president and chief financial officer, Tom...
CarMax Nonprime Loan Test Continues as Portfolio Hits $56.7 Million
Richmond, Va.-based CarMax Inc. reported a total of $56.7 million in nonprime loans during its 2014 test period. CarMax reported a boost...
Ally Exits TARP
Ally Financial has officially exited the Troubled Asset Relief Program after the U.S. Treasury sold its 54.9 million shares of...
Wells Fargo Doesn’t Need to be No. 1 in Auto, But Still Claims Top Spot
Speaking at the Goldman Sachs U.S. Financial Services Conference last week, Wells Fargo & Co. President and Chief Executive Officer John Stumpf...
