Ally Financial Analyst Sees 'Consistent Margin Expansion' Ahead: Q2 Results Breakdown
Shares of Ally Financial Inc ALLY remained under pressure on Thursday, after declining in the prior session amid a broader downturn in Wall Street stocks.
Ally Financial (ALLY) Q2 Earnings Beat, Stock Dips on Cost Hike
Ally Financial (ALLY) records a y/y decline in revenues in the second quarter of 2024.
Ally Reports Net Charge-Offs Rise Due to High-Priced Cars
Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier, due in part to losses from loans made when the price of cars peaked about two years ago.
Ally Financial: Credit Concerns Likely Limit Upside After Q2 Results (Downgrade)
Ally Financial Inc. shares have risen 60% in the past year but dropped 3% after a solid but imperfect Q2 earnings report. Taxes create noise in EPS due to a tax credit for electric vehicle leases, impacting true earnings. Net interest margin trends are positive, but credit trends are mixed, with delinquencies rising and charge-offs potentially increasing.
Ally Financial Inc. (ALLY) Q2 2024 Earnings Call Transcript
Ally Financial Inc. (NYSE:ALLY ) Q2 2024 Earnings Conference Call July 17, 2024 9:00 AM ET Company Participants Sean Leary - Head of IR Michael Rhodes - CEO Russ Hutchinson - CFO Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Don Fandetti - Wells Fargo Moshe Orenbuch - TD Cowen Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Rob Wildhack - Autonomous Research Operator Good day and thank you for standing by. Welcome to the Second Quarter 2024 Ally Financial Earnings Conference call.
Here's What Key Metrics Tell Us About Ally Financial (ALLY) Q2 Earnings
While the top- and bottom-line numbers for Ally Financial (ALLY) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ally Financial (ALLY) Beats Q2 Earnings Estimates
Ally Financial (ALLY) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.96 per share a year ago.
Top Wall Street Forecasters Revamp Ally Financial Expectations Ahead Of Q2 Earnings
Ally Financial Inc. ALLY is scheduled to release its financial results for the second quarter, before the opening bell on Wednesday, July 17.
Gear Up for Ally Financial (ALLY) Q2 Earnings: Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Ally Financial (ALLY) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Ally Financial (ALLY) Expected to Beat Earnings Estimates: Should You Buy?
Ally Financial (ALLY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will Ally Financial (ALLY) Beat Estimates Again in Its Next Earnings Report?
Ally Financial (ALLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.
