Tag: earnings

This week, the Auto Finance News team discussed third-quarter earnings for some of the major publicly traded banks, and found ...

U.S. Bank’s third quarter reflected a decline in credit loss provisions, an increase in auto outstandings, tightening of credit standards, ...

PNC Financial Services’ auto portfolio was the primary driver of the bank’s $12 million drop in consumer loan net charge-offs ...

Wells Fargo Auto originations clocked in at $5.4 billion in the third quarter, a decline of 22% year over year ...

Chase Auto recorded record originations for the third quarter in loans and leases at $11.4 billion, a 25% year-over-year increase ...

Nicholas Financial is expanding with new branches and is looking to grow its direct loan portfolio despite the destabilizing effect ...

Carsharing marketplace HyreCar has capitalized on changing consumer habits amid the COVID-19 pandemic by prioritizing food and other delivery services, ...

Online sales continue to be the rising star in the automotive industry, evidenced by Vroom’s 74.1% year-over-year growth in e-commerce ...