Ally Financial Q1 Results Top Estimates

RTTNews | Před 33 dny
Ally Financial Q1 Results Top Estimates

(RTTNews) - Ally Financial Inc. (ALLY), a bank holding company, reported Thursday that first-quarter net income attributable to shareholders decreased to $129 million or $0.42 per share from $291 million or $0.96 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $0.45 per share, compared to $0.82 per share in the prior-year quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.

Total net revenue for the quarter declined 5 percent to $1.99 billion from $2.10 billion in the year-ago quarter. Adjusted total net revenue decreased 3 percent from last year to $1.99 billion. Analysts expected revenue of $1.96 billion for the quarter.

Ally Financial said its board of directors approved a $0.30 per share common dividend for the second quarter of 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Ally Financial Appoints Russell Hutchinson As CFO

Ally Financial Appoints Russell Hutchinson As CFO

Financial services company Ally Financial Inc. (ALLY) announced Friday that Russell Hutchinson will join the company as its chief financial officer, effective July 3, 2023. He will report to Ally CEO Jeffrey Brown and be based in Charlotte, N.C.
RTTNews | Před 424 dny
NZ Dollar Surges As RBNZ Signals Delay In Rate Cuts

NZ Dollar Surges As RBNZ Signals Delay In Rate Cuts

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, after the New Zealand's central bank signaled delay in interest rate cuts due to lower inflation.
RTTNews | Před 4 h 18 min
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer and producer prices and public sector finance from the UK are the major economic reports due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices and public sector finance data. Economists forecast inflation to ease to 2.1 percent in April from 3.2 percent in March. Output price inflation is expected to double to 1.2 percent.
RTTNews | Před 5 h 13 min
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 5 h 16 min
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive from Wall Street overnight, as traders largely refrained from making significant moves as they await the release of the minutes of the US Fed's latest monetary policy meeting later in the day for clues about the outlook for interest rates. Asian markets closed mostly lower on Tuesday.
RTTNews | Před 8 h 0 min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling to near the 38,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | Před 8 h 28 min