earnings
confidence high
sentiment negative
materiality 0.75
Ally Q3 GAAP EPS $0.88, down 54% YoY; core EPS $1.12, down 48% YoY
Ally Financial Inc.
2022-Q3 EPS reported
$4.18
revenue$6,227,000,000
- GAAP net income $272M (down 60% YoY); core net income $346M (down 56% YoY).
- Pre-provision net revenue $855M GAAP, $948M core; core ROTCE 17.2% vs 24.2% a year ago.
- Auto originations $12.3B; retail deposits $133.9B (up $2.7B QoQ); Ally Credit Card balances $1.4B.
- EPS impacted by $0.33 impairment on mortgage nonmarketable equity investment and higher provisions for recession risk.
- Announced Q4 dividend $0.30/share; completed $415M share repurchases in Q3.