U.S. auto lending has surged in recent years to a record $1.1 trillion, partly fueled by low interest rates and low downpayment requirements. Now delinquencies are starting to rise.
Here are Friday's top research calls, including new coverage of Amazon, a downgrade for CSX and an upgrade for International Paper.
The Republican sweep of Congress is a clearly positive result for deals between mid-sized banks, but a negative for the biggest financial institutions.
Fees charged by banks like Wells Fargo and high-interest payday loans are all likely to get less scrutiny when a Trump administration overhauls the Consumer Financial Protection Bureau.
TCF Financial (TCB) stock closed in the red on Monday as FBR Capital downgraded the stock to ‘market perform.’