BMO: Auto Loans & Credit Cards To Witness Slow Growth But Fear Not!Mani
System-wide U.S. credit card debt growth will decline moderately, while auto loans growth will fall markedly over the next two years, believe BMO Capital Markets analysts. James Fortheringham and Aman Gherger forecast benign credit trends driven by falling unemployment in their April 12 research note titled “Stop Fretting About Credit Card and Auto Lending.”
Improving credit quality for credit card and auto loans
Fortheringham and his colleague say that the seemingly intensifying investor concerns regarding credit cards and auto loans are unwarranted. They applied macroeconomic regression . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible