earnings
confidence high
sentiment negative
materiality 0.60
GM Financial Q2 net income falls 16% to $510M; originations rise
General Motors Financial Company, Inc.
- Q2 net income $510M vs $610M YoY; six-month net income $1.0B vs $1.1B.
- Retail loan originations $9.5B in Q2, up from $8.6B YoY; operating lease originations $5.4B vs $5.0B.
- Earning assets $127.8B at June 30; available liquidity $38.0B.
- Annualized net charge-offs 1.1% of avg retail receivables, up from 1.0% YoY.
- Retail finance receivables 31-60 days delinquent stable at 2.1%.
item 2.02item 9.01