ALLY Stock Up on Q4 Earnings Beat, Divestiture of Credit Card Business

Ally Financial’s (ALLY) fourth-quarter 2024 adjusted earnings of 78 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line reflected a jump of 95% from the year-ago quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.As a part of its efforts to create a simplified and streamlined organizational structure, Ally Financial announced some business actions. These include an agreement to sell its credit card business, cease new mortgage loan origi ...