Ally Financial: Fourth Quarter Earnings Overview

Ally Financial Announces Fourth-Quarter Earnings

Ally Financial Inc., headquartered in Detroit, reported a net profit of $327 million for the fourth quarter.

The company’s earnings amounted to 95 cents per share, with adjusted earnings—excluding one-time expenses—reaching $1.09 per share.

These results surpassed analysts’ expectations, as the consensus estimate from nine analysts polled by Zacks Investment Research was $1.01 per share.

During the quarter, Ally Financial generated $2.12 billion in revenue, which was slightly below the $2.13 billion anticipated by five Zacks analysts.

Since the start of the year, Ally Financial’s stock has declined by just over 6%. However, over the past year, the share price has risen by 15%.