Ally Financial reports Q4 EPS 78c, consensus 57c

Reports Q4 revenue $2.0B, consensus $2.02B. “As we enter 2025, I am encouraged by strong momentum across our business,” said CEO, Michael Rhodes. “This optimism is driven by an improved outlook on credit, a balance sheet well positioned for margin expansion, and continued disciplined management of expenses and capital. During the fourth quarter, we took significant steps to enhance returns and strengthen our competitive position in our core businesses. I am incredibly proud of this team’s dedication and look forward to building upon this success. 2024 results within Dealer Financial Services continued to showcase the depth of our mutually beneficial dealer relationships and relevant scale with a record 14.6M consumer auto applications, allowing dynamic and selective underwriting and positioning us for strong risk adjusted returns. Insurance written premiums of $1.5B were the highest since our IPO as we benefited from new insurance program relationships, growth in inventory exposure, and synergies with our Auto finance team.”