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Actionable news in SC: SANTANDER CONSUMER USA HOLDINGS INC,

Santander Consumer USA (SC) Stock Plummets On Delayed Q2 Earnings

NEW YORK (TheStreet) -- Shares of Santander Consumer USA (SC) are tanking 9.87% to $10.68 on heavy trading volume in mid-morning trading after the company said it would delay the results of its fiscal 2016 second quarter earnings.

The car financing unit's second quarter results were expected to be due out before tomorrow's opening bell, but financial statements still need to be completed, Santander Consumer USA said in a statement. Santander Consumer USA is a part of Spanish bank holding company Banco Santander (SAN).

"The company is in discussions with its current and previous independent accountants...


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