Wall Street analysts expect Ally Financial (ALLY) to post quarterly earnings of $0.59 per share in its upcoming report, which indicates a year-over-year increase of 31.1%. Revenues are expected to be $2.06 billion, down 0.4% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ti ...

Last year ended up being great for banks. The Dow Jones U.S. Banks Index gained 37%, trouncing the S&P 500's 25% gain. Many banks have performed well despite economic volatility, and the sector got a nice boost from the Federal Reserve's interest rate cut in September.Ally Financial (ALLY 5.12%) didn't perform nearly as well as many of its peers, gaining only 3% in 2024. Even worse, during the past six months the shares have fallen 13%. It's a mid-sized bank, but it has the status of being the top all-digit ...

Ally Financial (ALLY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Janua ...

As mortgage rates are expected to remain higher for longer, Ally Financial (ALLY) will be exiting the mortgage origination business. Further, the company is seeking “strategic alternatives” for its credit card business. The company will likely fully exit both businesses by the end of this quarter.Further, as a result of this restructuring, Ally Financial will be laying off less than 5% of employees, but these are not specific to any location or operation. The company spokesperson, Peter Gilchrist, revealed ...

Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business.The company will lay off less than 5% of its workforce, Bloomberg News reported Wednesday (Jan. 8), citing a statement from an Ally spokesperson.“As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas, while continuing to hire in our other areas of our business,” spokesperson Peter Gilchrist said in the email. Gilchrist said the ...

After the banking turmoil of early 2023 that saw several institutions fail, Warren Buffett pared down the bank stocks in Berkshire Hathaway's (BRK.A 0.02%) (BRK.B 0.09%) portfolio. However, two stocks that are still on the list are Bank of America (BAC 0.38%) and Ally Financial (ALLY 0.73%).Both are substantial investments in Berkshire's portfolio. The Bank of America investment is one of the largest, with a $34 billion market value representing a 9.99% stake in the megabank. Ally is a smaller bank, but Ber ...

CHARLOTTE, N.C., Dec. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) has scheduled the release of its fourth quarter and full year 2024 financial results for Wednesday, January 22, 2025, at approximately 7:30 a.m. ET. The results will be available on the Ally Press Room website (http://media.ally.com). Ally will host a conference call at 9 a.m. ET to review the company's performance. You may listen to the call via webcast or dial-in. The webcast will be live on Ally's Investor Relations website i ...

He is the leader of the investing group The Dividend Dog Catcher , where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn moreAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opini ...

CHARLOTTE, N.C., Nov. 25, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) Chief Executive Officer Michael Rhodes will present at the Goldman Sachs US Financial Services Conference on Wednesday, Dec. 11, 2024 at approximately 10:00 a.m. ET.A live webcast will be available on the day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website. A replay will also be available.About Ally FinancialAlly Financial Inc. (NYSE: ALLY) is ...

文章核心观点 - Ally Financial (ALLY) 正在考虑出售其信用卡业务，以专注于核心业务，包括汽车金融和数字银行 [1][2] 公司动态 - ALLY 股价在周五的交易中上涨 1.8% [2] - 截至 2024 年 9 月 30 日，公司拥有 21.3 亿美元的平均信用卡贷款和 125 万活跃持卡人 [2] - 2019 年 6 月，公司停止了新客户的加入，以减少其表现不佳的信用卡组合的损失 [3] - 2020 年 2 月，ALLY 宣布收购次级信用卡贷款商 Cardholder Management Services, Inc. (CardWorks)，但由于 COVID-19 疫情的影响，双方在 2020 年 6 月终止了 26.5 亿美元的收购协议 [4] - 2021 年 12 月，ALLY 以 7.5 亿美元收购了数字信用卡公司 Fair Square Financial，当时 Fair Square 拥有约 69.3 万持卡人和 8.16 亿美元的贷款余额 [5] - 2024 年 3 月，ALLY 出售了其点对点融资业务 Ally Lending，其中包括截至 2023 年 12 月 31 日的 22 亿美元贷款应收款 [6] - 公司通过裁员节省了 8000 万美元的年度开支 [7] - 公司推出了 Ally.ai，一个基于云的人工智能平台，用于整合企业级 AI 能力 [8] 财务表现 - 公司面临资产质量和利率上升的担忧 [9] - 2024 年第三季度，公司调整了资产质量和净利息收益率 (NIM) 的目标，预计贷款损失将增加，零售汽车净冲销率 (NCO) 预计为 2.25%-2.30%，高于之前的 2.1% [9] - 公司预计 2024 年的 NIM 为 3.20%，低于之前的 3.30% [10][11] - 公司预计中期 NIM 将达到 4% [12] 市场反应 - 过去三个月，ALLY 股价下跌 11.7%，而行业上涨 22.5% [13] - 投资者的悲观情绪源于对资产质量和 NIM 的担忧 [13] - 目前，ALLY 持有 Zacks 排名 3 (持有) [15]