While the top- and bottom-line numbers for Ally Financial (ALLY) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ally Financial has sold its credit card business to consumer finance company Cardworks. The deal, announced in a news release Wednesday (Jan. 22), will see CardWorks and its subsidiary Merrick Bank acquire Ally's credit card portfolio of $2.3 billion in credit card receivables and 1.3 million active cardholders.
The new year can be a time to reevaluate your portfolio. Did you buy too many high-risk stocks that did poorly in 2024?
Ally Financial (ALLY) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.45 per share a year ago.
Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday.
Ally Financial (ALLY 3.38%) became a standalone company in 2014 when it was spun off from General Motors (GM 5.73%). This is actually pretty important because it speaks to Ally Financial's business model of making auto loans.
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Besides Wall Street's top -and-bottom-line estimates for Ally Financial (ALLY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
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.
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.
The financial sector had a strong year in 2024, with substantial returns for investors and significantly outperforming the broader market.
Ally Financial is set to exit the mortgage origination and credit card businesses. It intends to right-size the organization and focus on the auto business.