Ally Financial (ALLY) reported $1.99 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.4%. EPS of $0.45 for the same period compares to $0.82 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of +1.21%. The company delivered an EPS surprise of +36.36%, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Ally Financial (ALLY) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.36%. A quarter ago, it was expected that this auto finance company and bank would post earnings of $0.44 per share when it actually produced earnings of $0.45, delivering a surprise of 2.27%.Over the last four qu ...

Ally Financial Inc. 1Q 2024 Earnings Review April 18, 2024 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com 1Q 2024 Preliminary Results Forward-Looking Statements and Add ...

Exhibit 99.3 FIRST QUARTER 2024 FINANCIAL SUPPLEMENT ALLY FINANCIAL INC. FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION This document and related communications should be read in conjunction with the financial statements, notes, and other information contained in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This information is preliminary and based on company and third-party data available at the time of the presentation or related communication. T ...

Ascendion, the first to receive the inaugural award, recognized for excellence in delivering innovative technology solutions and positive outcomes with software engineering. Ally's Supplier Symposium enables relationships with minority-owned businesses. CHARLOTTE, N.C., April 16, 2024 /PRNewswire/ -- Ascendion, a leading provider of AI-first software engineering services, received the Supplier Diversity: Innovation Award from Ally, a digital financial services company with the nation's largest all-digital ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Ally Financial (ALLY) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. On ...

Ally Financial Inc (NYSE:ALLY) stock is enjoying a boost today, after BofA Global Research upgraded the financial services name to "buy" from "hold," with a price-target hike to $46 from $42. The firm sees the potential for better-than-expected earnings and noted its potential credit leverage may be underestimated. At last look, ALLY was up 1.2% at $39.05. There is plenty of room for further upgrades, especially if Ally Financial's April 18 earnings report indeed turns out better than estimated. Of the 20 b ...

HSBC Holdings PLC (HSBC) entered into a joint agreement with Grupo Financiero Galicia (“Galicia”) to sell its Argentina business. The transaction is valued at $550 million and aims to shift its focus on the core Asian operations. The deal, subject to regulatory approvals, is expected to be completed within the next 12 months.Per the agreement, Galicia will acquire HSBC’s entire Argentina business, including banking, asset management and insurance. The firm will also assume $100 million of subordinated debt ...

Long-term investors will be rewarded with tons of dividend growth by holding this banking stock.Over the long term, the best place for investors to park their money is stocks. With thousands of options to choose from -- not forgetting all the investment funds and ETFs at your disposal -- it can be difficult to figure out what stocks are best for your portfolio. One tried-and-true investing strategy is to find stocks with strong dividend growth. This means buying companies that pay you a bigger dividend ever ...

Shares of consumer lending stock Ally Financial Inc (NYSE:ALLY) are down 0.7% at $38.76 at last glance, following a bear note from J.P. Morgan Securities. The analyst downgraded ALLY to "underweight" from "neutral," after saying the consumer finance sector re-rated "too quickly," resulting in a disproportion between fundamentals and valuations. However, J.P. Morgan Securities also added that investors should seize the opportunity to take advantage of the recent rally before earnings, and increased its price ...