For the quarter ended December 2023, Ally Financial (ALLY) reported revenue of $2.07 billion, down 6.1% over the same period last year. EPS came in at $0.45, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of +3.77% over the Zacks Consensus Estimate of $1.99 billion. With the consensus EPS estimate being $0.44, the EPS surprise was +2.27%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

4Q 2023 Preliminary Results Ally Financial Inc. 4Q 2023 Earnings Review January 19, 2024 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ally Financial (ALLY) , which belongs to the Zacks Financial - Consumer Loans industry, could be a great candidate to consider.This auto finance company and bank has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.94%.For the most recent quarter, ...

DETROIT, Jan. 16, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on February 15, 2024, to stockholders of record on February 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on February 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stoc ...

The upcoming report from Ally Financial (ALLY) is expected to reveal quarterly earnings of $0.45 per share, indicating a decline of 58.3% compared to the year-ago period. Analysts forecast revenues of $1.99 billion, representing a decrease of 9.4% year over year.The consensus EPS estimate for the quarter has been revised 10.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior t ...

Ally Financial named its president of dealer financial services, Douglas Timmerman, as its interim CEO.Timmerman will assume the role Feb. 1, following the departure of current CEO Jeffrey J. Brown Jan. 31, the company said in a Friday (Jan. 12) press release.Ally Financial announced in October that Brown would step down early in 2024.As president of dealer financial services, Timmerman is responsible for deepening relationships with Ally’s 22,000 dealer customers, according to the release. Under his leader ...

Ally Financial (ALLY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 19, 2024, might help the stock move higher if these key numbers are better th ...

Timmerman brings 30-plus years of Ally experience to the role CHARLOTTE, N.C., Jan. 12, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) announced today that Douglas Timmerman, president of dealer financial services, will become the company's interim CEO on Feb. 1, 2024, following the departure of current CEO Jeffrey J. Brown on January 31, 2024. During Timmerman's 30-plus years at Ally, he has held a wide variety of leadership positions across the company's auto finance and insurance business, most re ...

December was a big month for consumer finance stocks. Capital One (COF -3.02%) rose 17.4%, Ally Financial (ALLY -0.47%) rose 19.5% and SoFi (SOFI 2.70%) charged 36.5% higher during the month, according to data provided by S&P Global Market Intelligence.The financial sector got a huge boost following the Federal Reserve's Open Market Committee (FOMC) meeting on Dec. 13. The Fed's commentary indicated that it is likely done with its aggressive interest rate hikes, and that rate cuts are a strong possibility i ...

Ally Financial (ALLY -1.35%) stock gained 43% in 2023, according to data provided by S&P Global Market Intelligence. Despite feeling pressure from the banking turmoil last March, the bank finished the year strong as the Federal Reserve signaled a potential pivot in its interest-rate policy.Ally Financial proved resilient amid March's banking turmoilAbout one year ago, bank stocks faced a significant test. Higher interest rates and deposit outflows put regional banks on the defensive.Ultimately, SVB Financia ...