secwatch.observer — SEC 8-K summary
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Issuer:     Ally Financial Inc. (ALLY)
CIK:        0000040729
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001193125-23-189215
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ally Financial Q2 2023 GAAP EPS $0.99, net income down 34% YoY; deposits grow $500M QoQ
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- GAAP net income to common shareholders $301M ($0.99/share), down 34% YoY; adjusted EPS $0.96, down 46% YoY.
- Total net revenue $2.08B flat YoY; core pre-tax income $390M, down 41% YoY from $570M.
- Retail auto originations $10.4B on 3.5M apps; annualized net charge-offs 132bps.
- Retail deposits up $0.5B QoQ to $154.3B total; FDIC insured 92%, total liquidity $42.5B.
- CET1 ratio 9.3%; $3.7B capital above regulatory minimum and SCB.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40729/000119312523189215/0001193125-23-189215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40729/000119312523189215/d508671d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-189215

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