Ally Financial: Shares Are Unlikely To Rebound Until Delinquencies Stabilize
Ally Financial's recent poor performance is due to rising credit costs, as delinquencies continue to increase. Q3 earnings were inflated by tax benefits, masking underlying issues like higher charge-offs and disappointing interest margins. Credit costs and delinquencies are rising, leading to increased reserves and a cautious outlook that now extends into 2025.
Here's My Top Bank Stock to Buy Right Now
This innovative online bank just reported earnings, and the results show why I like the stock so much.
New Strong Sell Stocks for October 22nd
DDD, FLWS and ALLY have been added to the Zacks Rank #5 (Strong Sell) List on October 22, 2024.
Ally Financial Q3 Earnings Beat on Higher Revenues but Stock Dips 2.3%
ALLY's third-quarter 2024 results beat estimates driven by higher top line and lower costs. Yet, higher provisions and lower loans and deposits remain woes.
Ally Financial Warns of ‘Choppy' Quarters as Auto Income Falls
Ally Financial CEO Michael Rhodes says the company's next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter standards for borrowers by instituting tighter verification requirements for proving income and employment.
Ally Financial Inc. (ALLY) Q3 2024 Earnings Call Transcript
Ally Financial Inc. (NYSE:ALLY ) Q3 2024 Earnings Conference Call October 18, 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 John Pancari - Evercore ISI Sanjay Sakhrani - KBW Mark DeVries - Deutsche Bank Robert Wildhack - Autonomous Research Jeff Adelson - Morgan Stanley Operator Good day, and thank you for standing by. Welcome to the Ally Financial Third Quarter 2024 Earnings Conference Call.
Compared to Estimates, Ally Financial (ALLY) Q3 Earnings: A Look at Key Metrics
The headline numbers for Ally Financial (ALLY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Ally Financial (ALLY) Q3 Earnings and Revenues Beat Estimates
Ally Financial (ALLY) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.83 per share a year ago.
New Strong Sell Stocks for October 17th
ALLY, ARCB and BA have been added to the Zacks Rank #24 (Strong Sell) List on October 17, 2024.
Should Ally Financial Stock be in Your Portfolio Ahead of Q3 Earnings?
ALLY will report Q3 earnings this Friday. Amid the asset quality scare, let's decipher whether the stock is worth a look or if investors should avoid it.
What Analyst Projections for Key Metrics Reveal About Ally Financial (ALLY) Q3 Earnings
Get a deeper insight into the potential performance of Ally Financial (ALLY) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Analysts Estimate Ally Financial (ALLY) to Report a Decline in Earnings: What to Look Out for
Ally Financial (ALLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
