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Ally leads pack of banks benefiting from hot auto market


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The red-hot auto market, which shows few signs of slowing down after a year in which prices soared, continues to serve as a rare source of loan growth for U.S. banks.
Ally Financial, one of the nation’s largest auto lenders, reported a record $1.55 billion in net financing revenue during the second quarter. It also made decisions on 3.5 million loan applications for the first time.
More diversified banks also benefited last quarter from the auto boom. At JPMorgan Chase, auto originations jumped by 61% year-over-year to a record $12.4 billion. Fifth Third Bancorp and U.S. Bancorp also reported strong performances in car loans. ....

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Guild Holdings Company (GHLD) Q1 2021 Earnings Call Transcript


Operator
Good morning, ladies and gentlemen, and welcome to the Guild Holdings Company first-quarter 2021 earnings conference call. [Operator instructions] As a reminder, this call is being recorded. I would now like to turn the conference over to Michael Kim, investor relations. Please go ahead, Michael.
Michael Kim
Investor Relations
Thank you, and good day, everyone. Before we begin, I d like to remind everyone that comments on this conference call may contain certain forward-looking statements regarding the company s expected operating and financial performance for future periods. These statements are based on the company s current expectations. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks or other factors that are described in greater detail under Risk factors in Guild s Form 10-K and 10-Q and other reports filed with the U.S. ....

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Ambac Financial Group, Inc. (AMBC) Q1 2021 Earnings Call Transcript


Operator
Greetings, and welcome to the Ambac Financial Group Inc. First Quarter 2021 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Ms. Lisa Kampf, Head of Investor Relations; Claude LeBlanc, Chief Executive Officer; and David Trick, Chief Financial Officer.
I will now turn the call over to Lisa.
Lisa A. Kampf
Head of Investor Relations
Thank you. Good morning, and thank you all for joining today s conference call to discuss Ambac Financial Group s first quarter 2021 financial results. We d like to remind you that today s presentation may contain forward-looking statements about our business, including but not limited to, new business, credit outlooks, market conditions, credit spreads, financial ratings, loss reserves, loss mitigation, loss recovery, investment returns or other items that may affect our future results. These statements are based on management s curre ....

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