Ally Financial (ALLY) Gains on Q4 Earnings Beat, Costs Rise Y/Y
ALLYAlly(ALLY) Zacks Investment Research·2024-01-23 01:36

Shares of Ally Financial (ALLY) gained 10.7% following the release of its fourth-quarter and 2023 results. Quarterly adjusted earnings of 45 cents per share surpassed the Zacks Consensus Estimate by a penny. However, the bottom line reflects a decline of 58.3% from the year-ago quarter.Results were primarily aided by an improvement in other revenues. However, a decline in net financing revenues, along with higher expenses and provisions, were the undermining factors.After considering non-recurring items, ne ...