Insider Selling: Royal Bank of Canada (RY) Director Sells 5000 Shares of Stock

Category: Auto Financing
Published: Friday, 01 January 2016
Written by Super User

Royal Bank of Canada (TSE:RY) traded up 0.85% during trading on Thursday, hitting $75.64. The company had a trading volume of 814,679 shares. Royal Bank of Canada has a 52-week low of $68.05 and a 52-week high of $81.53. The firms 50 day moving average is $75.26 and its 200-day moving average is $75.06. The stock has a market capitalization of $112.33 billion and a price-to-earnings ratio of 11.25.

Royal Bank of Canada is a banking company. It serves over 16 million personal, business and corporate clients across a diversified mix of businesses in 40 countries. The Company's five business segments include Personal Commercial Banking, Wealth Management, Insurance, Investor Treasury Services and Capital Markets. The Company's Personal Commercial Banking consists of personal and business banking operations, auto financing and retail investment businesses. Wealth Management consists of Canadian Wealth Management, United States and International Wealth Management and Global Asset Management. Insurance consists of its insurance operations in Canada and globally and operates under two business lines: Canadian Insurance and International Insurance. Investor Treasury Services segment offers global custody, fund and pension administration. Capital Markets consists of a majority of its global wholesale banking businesses.

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Illuminating the Path to Auto Loan Approval

Category: Auto Financing
Published: Wednesday, 30 December 2015
Written by Super User

Happy holidays from the team here at Auto Credit Express! We are here to remind you that it won’t take a Christmas miracle for you to find auto loan approval, even if your credit situation is dire.

Auto Credit Express Can Be Your Rudolph This Holiday Season

Everybody knows (and adores) the story of Rudolph the Red-Nosed Reindeer. Odd as it may seem, Auto Credit Express plays a role similar to that of the most famous reindeer of all for many people with bad credit who need a car:

  • Rudolph was different: He was laughed at, mocked, and excluded from any reindeer games just for having a shiny red nose.
  • Auto Credit Express is different: While many traditional lenders exclude those with damaged credit, we do all that we can to make sure they can find auto financing.

There’s more:

  • When the weather grew bad that one foggy Christmas Eve, all else seemed lost until Rudolph stepped up to guide the sleigh.
  • When other options aren’t realistic and your situation seems bleak, Auto Credit Express is ready to step up and guide you to a dealer with the auto loan you need.

That’s not all:

  • Rudolph was happy to help guide Santa’s sleigh in order to deliver all of the presents, despite all of the past problems he had to put up with.
  • Auto Credit Express is happy to help guide you towards auto loan approval and get you on the path to a better credit situation, regardless of whatever problems you may have encountered in the past.

And finally:

  • Rudolph was finally able to win the approval of his fellow reindeer (they were shouting out with glee, after all) after proving his worth.
  • After making on-time payments on your car loan and improving your credit standing, you will soon be able to win the approval of traditional lenders.

Grupo Aval Acciones y Valores SA (AVAL) Cut to "Sell" at Zacks Investment Research

Category: Auto Financing
Published: Wednesday, 30 December 2015
Written by Super User

Grupo Aval Acciones y Valores SA (NASDAQ:AVAL) was downgraded by Zacks Investment Research from a hold rating to a sell rating in a report issued on Thursday, Market Beat Ratings reports.

According to Zacks, Grupo Aval Acciones y Valores SA is a financial services group. It provides a comprehensive range of financial services and products ranging from traditional banking services, such as making loans and taking deposits, to pension and severance fund management. The company also provides general purpose loans, foreign exchange services, documentation services, guarantees, auto financing, payroll loans, and credit cards, as well as various deposit and basic treasury products. It provides fiduciary services; merchandise storage and deposit, customs agency, cargo management, and merchandise distribution; brokerage services, fund management, portfolio management, securities management, and capital markets consulting services; and investment banking, treasury, and private banking services. Grupo Aval Acciones Y Valores SA is based in Bogota, Colombia.

Grupo Aval Acciones y Valores SA (NASDAQ:AVAL) traded up 2.51% during trading on Thursday, reaching $6.94. The companys stock had a trading volume of 78,034 shares. Grupo Aval Acciones y Valores SA has a 52-week low of $6.01 and a 52-week high of $10.98. The stock has a market cap of $7.73 billion and a price-to-earnings ratio of 16.52. The firm has a 50 day moving average price of $7.02 and a 200-day moving average price of $8.08.

NetSol signs $100mln contract to implement solutions

Category: Auto Financing
Published: Wednesday, 30 December 2015
Written by Super User

LAHORE: NetSol Technologies Inc, a global business services and enterprise application solutions provider, signed $100 million contract to provide its solutions and services in 12 markets in Asia and South Africa, the company said on Wednesday.

The agreement calls for upgrading to NetSol's Next-Generation Finance (NFS) Ascent platform, the companys advanced solution for the auto and equipment finance and leasing industry, from the companys NFS platform in Australia, China, Hong Kong, India, Japan, New Zealand, Singapore, South Korea, Taiwan, Thailand and Malaysia. The contract also includes implementation of NFS Ascent in South Africa, a new market for NetSol. 

The implementation phase spans a five-year period, with maintenance and support over ten years.

"The monumental deal will usher NetSol into a new phase and further cement our position as leaders in the domain of finance and leasing," said Salim Ghauri, chief executive officer at NetSol Technologies.

"This deal is a testament to our continued commitment to innovation, excellence and promoting a culture within NetSol of constantly striving to do business in new and revolutionary ways. The reception of our latest and cutting edge product by giants of the asset finance and leasing shows that we are producing the best new products and services in the industry."

NetSol Technologies globally launched its newest product, NFS Ascent, developed on the latest architecture platform, considering the future needs of auto captives and asset finance and leasing business in mind.

Ghauri said the agreement will prove to be transformative and groundbreaking for the Pakistani tech industry as it is possibly the largest ever contract awarded to local company for developing and deploying an enterprise grade platform.

The implementation encompasses the full end-to-end finance and leasing lifecycle, covering NFS ascent's loan origination system, contract management system, wholesale financing system and its dealer/auditor access system. 

It also includes NFS Mobility mAccount, which gives customers visibility into their auto financing contract. 

Once complete, the system will provide a single regional platform that improves business visibility and assists with strategic planning.