Live by the sword… die by the sword.
The robust subprime-laced auto lending market helped drive strong profits at regional banks, now cracks pose a threat to the banks most involved, according to a deep dive into the industry by analysts at Piper Jaffray.
Analysts led by Kevin Barker came away with three conclusions following their deep dive:
Continue reading “Cracks in Auto Lending Pose Threat to Regional Banks”
Yesterday Ford (NYSE: F) made headlines after saying they would be profitable in North American even if SAAR fell to 11 million.
While this is an impressive statement, maybe the takeaway is that SAAR could actually fall to 11 million! That would be down a whopping 37% from 2015 levels!
According to UBS analyst Colin Langan, in year one of the downturn, Ford believes Continue reading “Ford is Ready for an Auto Collapse But are Investors?”