earnings
confidence high
sentiment negative
materiality 0.80
Ally Q2 GAAP EPS $1.40 (-42% YoY); net revenue $2.08B; auto originations $13.3B
Ally Financial Inc.
2022-Q2 EPS reported
$3.27
revenue$4,211,000,000
- GAAP net income $454M ($1.40 EPS), down 50% YoY; adjusted EPS $1.76 (-24% YoY).
- GAAP total net revenue $2.08B (flat YoY); net interest margin >4% for first time.
- Consumer auto originations $13.3B from 3.3M applications, highest quarterly since 2006; retail net charge-offs 54 bps.
- Ally Credit Card balances $1.2B (+93% YoY); retail deposit customers 2.5M (+6% YoY).
- Completed $600M share repurchases in Q2; announced Q3 dividend of $0.30/share.