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Ally Financial (GB:0HD0)
LSE:0HD0
Holding GB:0HD0?
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.59Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -1.14%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong performance in core segments and insurance premiums, along with challenges in managing credit costs and maintaining net interest margin. While there are positive trends in growth areas like EV leasing, the company faces near-term challenges with charge-offs and credit quality.Company Guidance
In the third quarter of 2024, Ally Financial reported an adjusted EPS of $0.95, bolstered by significant tax credits from EV lease volumes, yet the core pretax income stood at $108 million, indicating potential for improvement. The company saw a strong Auto origination yield of 10.5% with $9.4 billion in consumer volume, and insurance written premiums reached a quarterly record of $384 million. Retail deposits were $141 billion, with a 92% FDIC insurance rate, serving 3.3 million customers. Despite challenges from interest rate volatility and consumer inflation, Ally projects a medium-term NIM target of 4%, expecting margin expansion as Fed funds rates potentially decrease. The retail auto net charge-off rate was 224 basis points, and consolidated net charge-offs were 150 basis points, with a total loss rate guidance of 2.25% to 2.3% for retail auto. The company remains focused on capital management, targeting a CET1 ratio above the 9.8% mark reported, and anticipates a mid-teens return over time by managing expenses and optimizing risk-adjusted returns.Strong Performance in Core Segments
Dealer Financial Services, Ally Bank, and Corporate Finance continue to show strong growth. Corporate Finance is on pace for its highest annual earnings ever.
Record Insurance Premiums
Insurance written premiums reached $384 million, a quarterly record since IPO, highlighting strong performance in F&I and P&C products.
Growth in Retail Deposits
Retail deposits of $141 billion are 92% FDIC insured, with a growth of 57,000 new accounts within the quarter.
EV Lease Originations
Momentum in EV lease originations drove $179 million in EV tax credits, contributing to a negative tax rate in the quarter.
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GB:0HD0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0HD0 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 18, 2024 | $35.57 | $35.03 | -1.53% |
| Jul 17, 2024 | $43.62 | $42.31 | -2.99% |
| Apr 18, 2024 | $35.85 | $37.78 | +5.38% |
| Jan 19, 2024 | $31.04 | $34.48 | +11.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ally Financial (GB:0HD0) report earnings?
Ally Financial (GB:0HD0) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Ally Financial (GB:0HD0) earnings time?
Ally Financial (GB:0HD0) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Ally Financial stock?
The P/E ratio of Ally Financial is N/A.
What is GB:0HD0 EPS forecast?
GB:0HD0 EPS forecast for the fiscal quarter 2024 (Q4) is 0.59.
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