secwatch.observer — SEC 8-K summary
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Issuer:     Ally Financial Inc. (ALLY)
CIK:        0000040729
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001193125-24-180000
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40729/000119312524180000/0001193125-24-180000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40729/000119312524180000/d871251d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-180000

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