Buffett's financial stocks include major holdings such as American Express and Bank of America. Jefferies Financial has been his biggest winner recently, while Ally Financial is the cheapest and offers the juiciest dividend.
Wall Street analysts expect Ally Financial (ALLY) to post quarterly earnings of $0.59 per share in its upcoming report, which indicates a year-over-year increase of 31.1%. Revenues are expected to be $2.
Shares of Ally Financial Inc (ALLY) soared over 9% in Wednesday’s pre-market session after the company’s fourth-quarter earnings topped Wall Street estimates and net income more than doubled. Adjusted revenue stood at $2.
Ally Financial (ALLY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus ...
Ally Financial (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is actually pretty important because it speaks to Ally Financial's business model of making auto loans.
DETROIT (AP) — DETROIT (AP) — Ally Financial Inc. (ALLY) on Wednesday reported fourth-quarter earnings of $108 million. On a per-share basis, the Detroit-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 78 cents per share.
CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders as of the end of last year, Ally said. Additional terms of the deal weren’t disclosed in a Wednesday statement, but Ally paid around $750 million for the business in 2021. Bloomberg reported on the pending sale in November.
Ally Financial ( ALLY 1.11%) has underperformed the market over the past year, with fears of rising defaults and demand concerns weighing on the bank's stock. However, the company just announced some big moves, and 2025 could be a major inflection point for this business.
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For the quarter ended December 2024, Ally Financial (ALLY) reported revenue of $2.03 billion, down 2% over the same period last year. EPS came in at $0.78, compared to $0.45 in the year-ago quarter. The reported revenue represents a surprise of -1.
Ally Financial (ALLY) stock jumped 8.6%in Wednesday premarket trading after the lender posted stronger-than-expected Q4 results and announced an agreement to sell its card business.
Many of us wait for the new year to invest more money into our retirement accounts. Maybe you had a nice bonus at the end of 2024 that you want to tuck away as savings. If you have $10,000 ready to invest in 2025, there are plenty of cheap-looking stocks you can buy and hold for the long haul.