Friday, January 19, 2024

Ally Financial Q4 Core Profit Declines; Synchrony To Acquire Ally's Point Of Sale Financing Business

Ally Financial Inc. (ALLY) reported that it fourth quarter net income to shareholders declined to $49 million from $251 million, prior year. Earnings per share was $0.16 compared to $0.83. Core net income to shareholders declined to $137 million from $327 million, last year. Core net income per share was $0.45 compared to $1.08. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45, for the quarter. Analysts' estimates typically exclude special items.

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