ALLY Stock Recent News

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) records a y/y decline in revenues in the second quarter of 2024.

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 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. (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.

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) 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.

CHARLOTTE, N.C. , July 17, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its second quarter 2024 results.

Ally Financial Inc. ALLY is scheduled to release its financial results for the second quarter, before the opening bell on Wednesday, July 17.

DETROIT , July 16, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on August 15, 2024, to stockholders of record on August 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on August 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is payable to shareholders of record as of July 31, 2024.