Tag: Allowance for credit losses

Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...

Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis.   Truist’s provision for credit losses totaled $844 million “given ...

U.S. Bank’s second quarter was marked by a 74% increase from last quarter in credit loss provisions, a decrease in auto lending, and low delinquency ...

Bank of America increased its allowance for credit losses in line with an emerging trend set by Chase Auto and ...

Chase Auto’s originations plummeted early in the second quarter to levels not seen since the Great Recession before rallying to ...

Wells Fargo Auto’s second quarter was marked by increases in allowance for credit losses and net charge-offs, and a fall ...

Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and ...

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase, as the COVID-19 crisis ...