secwatch.observer — SEC 8-K summary
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Issuer:     Ally Financial Inc. (ALLY)
CIK:        0000040729
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001193125-24-010758
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ally Financial Q4 net income $76M ($0.16 EPS), adjusted EPS $0.45; FY net income $1.0B, adjusted EPS $3.05
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- Q4 net income $76M, EPS $0.16; adjusted EPS $0.45. Full-year net income $1.0B, EPS $2.98, adj. EPS $3.05.
- Total net revenue $2.1B Q4, $8.2B full year. Core pre-tax income $174M Q4.
- Agreed to sell Ally Lending; deconsolidated $1.7B retail auto loans; headcount savings $80M annualized.
- FDIC special assessment fee of $38M; retail auto originated yield 10.81% in Q4, up 124 bps YoY.
- Retail deposits grew $2.2B QoQ to $142.3B; 52K net new retail deposit customers in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40729/000119312524010758/0001193125-24-010758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40729/000119312524010758/d691923d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-010758

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