Wall Street Wants to Buy You a Car
This summer's rise in interest rates put a wrench in the mortgage lending market's forward progress. But as big Wall Street banks like Wells Fargo , JPMorgan Chase , and Ally Financial try to shore up their revenues, auto lending may be taking a front seat in the coming months. This isn't great news for Ford , which has its own lending arm.
In the video below, Motley Fool contributor Jessica Alling discusses the current market for auto loans and how investors can look at the banks going forward.
They call them big banks for a reason
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The article Wall Street Wants to Buy You a Car originally appeared on Fool.com.Fool contributor Jessica Alling has no position in any stocks mentioned. The Motley Fool recommends Ford and Wells Fargo. The Motley Fool owns shares of Ford, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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