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CHARLOTTE, N.C. , March 12, 2025 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) has scheduled the release of its first quarter financial results for Thursday, April 17, 2025, at approximately 7:30 a.m.
Ally Financial repositions its balance sheet to drive NII and NIM expansion going forward. As such, it will incur a pre-tax loss of $250 million in Q1.
Bank stocks as a category aren't usually high-growth investment vehicles. When individuals look to buy bank stocks, it's usually with their stability and, perhaps, a dividend in mind.
Ally Financial said on Tuesday it had sold $2.8 billion of low-yielding investment securities as part of a repositioning the consumer lender expects will help it modestly increase its interest income going forward.
Some well-known businesses in the financial services sector have done remarkably well for investors recently. Shares of industry heavyweights Goldman Sachs and JPMorgan Chase , as well as younger fintech providers SoFi Technologies and Robinhood Markets , have surged in the past 12 months.
Ally Financial (ALLY -3.67%) was a major beneficiary of the COVID-19 pandemic. As a consumer bank and automotive loan originator, the company saw tailwinds on both sides of its business.
Ally Financial is exiting the credit card business to focus on core operations like car loans, aiming to recover from recent struggles. With a low price/book ratio, Ally's Forward P/E of 10.46 suggests potential value, especially with share repurchases on the horizon. The sale of the credit card business is expected to be income-neutral, adding $1 per share to tangible book value without impacting pretax income.
Just about every investor knows about Warren Buffett. He's the guy who hosts annual meetings for his company, Berkshire Hathaway (BRK.A -0.40%) (BRK.B -0.41%), that draw tens of thousands of people to Omaha, Nebraska, every year.
Ally Financial (ALLY -0.46%) is having a strong start to 2025, with shares up by 8% for the year as of Feb 19. However, the stock is still trading about 15% below its 52-week high and is more than 30% below its 2021 all-time peak.