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Ally(ALLY) - 2024 Q1 - Quarterly Report
2024-05-06 20:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) ☑ OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024, or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) ☐ OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-3754 Ally Financial Inc. (Exact name of registrant as specified in its charter) Delaware 38-0572512 (State or other juris ...
6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares
24/7 Wall Street· 2024-04-26 11:54
6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares Paul Morigi / Getty Images The first quarter earnings season, for the most part, was an excellent start for the financial sector. Many leading mega-cap money center banks and top money management firms posted stellar results for the quarter. The positive results could bode well for others in a sector that has struggled over the last year.Moreover, the top financial stocks have consistently paid outstanding dividends over ...
1 Excellent Bank Stock to Buy Right Now
The Motley Fool· 2024-04-26 10:12
This online bank is a leader in its core business and trades cheaply.Ally Financial (ALLY -1.56%) is a leading auto lender, but there's a lot more to the business. Its recent results show that the business is holding up significantly better than investors expected, and it could be a massive beneficiary of falling interest rates in the years ahead, as I discuss in this brief video.*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 23, 2024. ...
Ally Financial (ALLY) Gains on Q1 Earnings Beat, Costs Rise Y/Y
Zacks Investment Research· 2024-04-19 15:31
Shares of Ally Financial (ALLY) gained 6.7% following the release of its first-quarter 2024 results. Adjusted earnings of 45 cents per share surpassed the Zacks Consensus Estimate of 33 cents. However, the bottom line reflects a decline of 45.1% from the year-ago quarter.Results were primarily aided by an improvement in other revenues. However, a decline in net financing revenues, along with higher expenses and provisions, were the undermining factors.After considering non-recurring items, net income availa ...
Ally(ALLY) - 2024 Q1 - Earnings Call Transcript
2024-04-18 16:45
Ally Financial Inc. (NYSE:ALLY) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Sean Leary – Head of Investor Relations Doug Timmerman – Interim Chief Executive Officer Russ Hutchinson – Chief Financial Officer Conference Call Participants Moshe Orenbuch – TD Cowen Ryan Nash – Goldman Sachs Sanjay Sakhrani – KBW Jeff Adelson – Morgan Stanley Rob Wildhack – Autonomous Research Bill Carcache – Wolfe Research Securities Chase Haynes – Evercore ISI Operator Good day, and thank yo ...
Ally Financial (ALLY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-04-18 15:31
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) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-18 13:36
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(ALLY) - 2024 Q1 - Earnings Call Presentation
2024-04-18 13:35
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 ...
Ally(ALLY) - 2024 Q1 - Quarterly Results
2024-04-18 11:35
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 Receives Ally Financial Innovation Award at 2024 Supplier Symposium
Prnewswire· 2024-04-16 15:32
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 ...