Ally Financial: Q4 Earnings Snapshot
By AP News
Published - Jan 19, 2024, 07:51 AM ET
Last Updated - Jan 19, 2024, 07:51 AM EST
DETROIT (AP) — DETROIT (AP) — Ally Financial Inc. (ALLY) on Friday reported fourth-quarter net income of $76 million.
On a per-share basis, the Detroit-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 45 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The auto finance company and bank posted revenue of $2.07 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $1.99 billion.
