Ally Q2 2024 GAAP EPS $0.86, adj. EPS $0.97; NIM up 14bps QoQ

Ally Financial Inc.

2024-Q2 EPS reported $1.28 revenue$3,986,000,000

GAAP net income $266M; core net income $299M; total net revenue $2.0B (flat vs Q1).
Adjusted EPS $0.97 vs $0.45 in Q1; core ROTCE 14.0%, up from 6.5%.
CET1 ratio 9.6%, up 18bps; excess CET1 $4B above minimum; SCB 2.6%.
Consumer auto originations $9.8B; retail deposits $142B, down $3B QoQ on tax outflows.
Insurance written premiums $344M, +15% YoY; retail auto net charge-offs 1.81% down 46bps QoQ.

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