Earnings
TD Auto Reduces 2Q Provisions 11% Amid Lower Losses
TD Bank Group lowered its provisions for U.S. auto credit losses by 11% in the second quarter -- to $54 million --...
HDFS Originations Dip 4.4%, Losses Temper in 2Q
Harley-Davidson Financial Services originated $987 million in motorcycle loans — down 4.4 % year over year — in the second quarter,...
Wells Fargo Slashes Originations 45% in 2Q
Wells Fargo Dealer Services Inc. nearly halved its originations in the second quarter, compared with the prior-year quarter, reflecting tighter...
Chase Auto Lease Outstandings Rise 41% YoY in 2Q
Chase Auto Finance’s second-quarter lease outstandings increased 41% in the past year to $14.7 billion, the bank announced in its earnings...
PNC Sees Continued Growth in Auto Portfolio
PNC Bank saw increases in its auto portfolio accompanied by an uptick in delinquencies and losses, according to the company’s...
Gateway One Reins In Securitization Program for ‘Predictable’ Profits, President Says
Gateway One Lending & Finance has scaled back its securitization program, as it looks to bolster loan quality and secure...
CarMax’s Online Portal Helps Push Origination Growth
CarMax Auto Finance grew auto originations 7% in the first quarter, compared with the same time a year prior. The rise was due,...
Polaris Retail Finance Penetration Set to Rise in 2Q After Slow Start in 2017
Polaris Industries Inc.’s retail finance approval and penetration rates were down but relatively unchanged so far this year -- despite the OEM’s...
