Earnings
Ally Financial originations decline 14% YoY
Despite constrained market conditions, Ally Financial’s originations picked up in the third quarter on the heels of a record number...
Citizens’ auto portfolio falls under $10B
Citizens’ auto portfolio fell under $10 billion in the third quarter as the bank continues its planned run-off after exiting...
US Bank originations fall 63% YoY
U.S. Bank’s auto originations declined again in the third quarter as the bank held tight to its underwriting criteria amid...
Tesla’s Nov. 30 Cybertruck delivery overshadows profit drop
Tesla Inc. is sticking with its full-year production forecast and promising its new Cybertruck by Nov. 30, even as it...
Bank of America auto originations up 15% YoY
Bank of America’s auto lending activity picked up on a year-over-year basis in the third quarter as credit quality declined. ...
Podcast: ‘Weekly Wrap’ on start of Q3 earnings
Chase Auto, PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit...
Chase Auto originations up 36% YoY as competitors pull back
Chase Auto’s originations increased year over year in the third quarter as the bank regained market share, even as challenging...
Wells Fargo Auto originations fall 24% YoY
Wells Fargo continued to let its auto portfolio shrink in the third quarter amid pricing competition and tighter credit. ...
