Ally Financial reports Q2 adjusted EPS 97c, consensus 64c

Reports Q2 adjusted revenue $2.04B, consensus $2.03B. “In Q2, Ally delivered strong financial and operating results. We continue to execute within our market leading franchises, creating value for our customers by embracing our ‘Do It Right’ culture,” said CEO Michael Rhodes. The strength of our Dealer Financial Services franchise is evident in our scale. We decisioned 3.7 million consumer applications, a second quarter record, and originated nearly $10B retail loan and lease volume across the credit spectrum. Insurance written premiums of $344M demonstrate our unique ability to provide comprehensive, all-in value to our dealer customers.”