earnings
confidence high
sentiment neutral
materiality 0.70
Ally Financial Q2 2024 GAAP EPS $0.86, adjusted EPS $0.97, core ROTCE 14.0%
Ally Financial Inc.
2024-Q2 EPS reported
$1.28
revenue$3,986,000,000
- GAAP net income $266M, EPS $0.86; adj. EPS $0.97, core pre-tax income $299M.
- NIM ex. OID 3.30%, up 14 bps QoQ; CET1 ratio 9.6% (+18 bps), $4B excess CET1.
- Retail auto originations $9.8B, yield 10.59%; NCO rate 1.81%, down 46 bps QoQ.
- Insurance written premiums $344M, up 15% YoY; retail deposits $142B, down $3B QoQ.
- 3.2M retail deposit customers, added 54K in Q2; 1.2M active credit cardholders.