Analysis: Santander Share Buybacks Come Alongside Rising Auto Loan Delinquencies

Borrowing to purchase or lease a new or used vehicle reached a record-high average monthly payment level in the fourth quarter of 2018. Rising vehicle prices and interest rates combined to push the........»»

General Motors said Monday it has suspended its quarterly cash dividend and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global auto sales. Fred Katayama reports......»»

Tuesday’s top personal finance stories.....»»

Nearly $66 billion of the $1.33 trillion in outstanding auto loans were over 90 days delinquent in the fourth quarter of 2019, up from $57 billion for the same period last year......»»

Friday’s Personal Finance Stories......»»

Subprime auto bonds with “junk” BB-ratings are fetching yields of only about 3.5%, versus 9% four years ago, even though late-stage auto loan delinquencies are piling up......»»

Authored by Wolf Richter via WolfStreet.com, But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leas.....»»

The latest monthly auto-loan data from the Fitch Auto ABS Index showed something very troubling: subprime delinquencies 60 days or more past due on the secondary market rose to 5.76% in February, the highest theyâ€.....»»

Despite a strengthening economy, more Americans are unable to make auto loan payments......»»

S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter's record level, according to a S&P Dow Jones Indices analysis......»»

Rising car inventory and climbing interest rates are responsible for the growing scarcity of these no-interest loan of.....»»

S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis......»»

The percent of auto loans in serious default has risen to the highest level in almost seven years, as consumers with weak credit struggled to make payments despite a strong U.S. economy and tight labor market......»»

When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans......»»

RCI Reports 2Q24 Sales, Development Updates & Share Buybacks; Holding X Spaces Call at 4:30 PM ET Today.....»»

Loan Portfolio of $1.28 billion, up 10%Net Charge-Off Rate of 9.1%, down from 13.2%Adjusted Quarterly Net Income of $36.7 million, up 67%Adjusted Quarterly Diluted Earnings per Share of $2.34, u.....»»

Daily Briefing: Jared Dillian: The "Value Rotation" Has Just Begun Jared Dillian of The Daily Dirtnap returns to Real Vision to share his analysis on the latest financial news.....»»

Eli Lilly and Co. LLY said Monday that its board authorized $5 billion in share repurchases while keeping the dividend unchanged. The drug maker said the new share buyback authorization, which h.....»»

The famed investor's company spent $6.6 billion on share repurchases, significantly less than in the past two quarters. Warren Buffett. REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway sold s.....»»

GameStop Corporation (NYSE: GME) has been through its fair share of controversies this year with the r/WallStreetBets community assigned credit for driving the stock over 2,400% higher between Jan. 12 and Jan. 28. read more.....»»