Earnings
Credit Acceptance 2018 Profits Accelerate Despite State AG Investigations
© Can Stock Photo / GillesPaire Net income at Credit Acceptance Corp. shot up 20% year over year to $574...
Ally Expects Steady Originations in 2019, President Says
Doug Timmerman, President of Ally Auto Finance Ally Financial Inc. hit a “sweet spot” with its auto portfolio last year and...
Santander Originations Climb 59% Amid Discussions With FCA
Photographer: Angel Navarrete/Bloomberg Santander Consumer USA drove up auto originations 59% year over year amid discussions around "optimizing" its current...
Global Lending Services Doubles Originations for Second Straight Year
© Can Stock Photo / Elegant01 Global Lending Services doubled its origination volume — for the second straight year —...
Capital One Auto Originations Decelerate Amid Increased Competition
Pedestrians pass in front of a Capital One Financial Corp. bank branch in New York, U.S. Photographer: Sarah Blesener/Bloomberg Capital...
Ford Credit Earnings Fall Despite Higher Lease Penetration, Stronger Auction Values
Photographer: Daniel Acker/Bloomberg Despite favorable lease residual performance driven by higher auction values, Ford Motor Credit Co. posted lower earnings...
Competition, Credit Quality Shape 4Q18 Originations at Chase, Wells Fargo
© Can Stock Photo / wrangler While JPMorgan Chase & Co.’s portfolio grew amid shrinking originations in the fourth quarter...
New Accounting Rule Likely to Hike Lending Costs
As U.S. financial institutions start to implement a new loan-loss accounting guideline this week, Jefferies Equity Analyst John Hecht forecasts...
