Tag: earnings

Capital One’s auto division propped up the bank’s overall second-quarter performance, Chief Executive Richard Fairbank said on the company’s earnings call yesterday. “While the ...

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

This week Bank of America, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto all reported increases in allowances ...

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 ...

PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...