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Ally Financial Q1 Results Top Estimates

RTTNews | il y a 33

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.

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Tags: ALLY

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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 | il y a 424

Pound Rises As U.K. Inflation Slows Less-than-expected

Pound Rises As U.K. Inflation Slows Less-than-expected

The British pound strengthened against other major currencies in the pre-European session on Wednesday, after data showed that U.K. consumer price inflation slowed less than expected in April, leaving a 50 percent chance of a June rate cut unchanged. Data from the Office for National Statistics showed that the U.K. consumer price inflation weakened to the lowest since July 2021. Consumer prices rose 2.3 percent on a yearly basis in April, slower than the 3.2 percent increase in March. However, inflation was stronger than economists' forecast of 2.1 percent.

RTTNews | il y a 4h 3min

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the pre-European session on Wednesday.

RTTNews | il y a 4h 24min

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 | il y a 4h 40min

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 | il y a 5h 35min

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 | il y a 5h 38min

European Shares Seen Opening Up As Investors Await Nvidia Earnings

European Shares Seen Opening Up As Investors Await Nvidia Earnings

European stocks are likely to open on a steady note Wednesday as investors await highly anticipated earnings results from AI chip leader Nvidia, set for release after the U.S. closing bell.

RTTNews | il y a 5h 57min

Sensex, Nifty Marginally Higher In Early Trade

Sensex, Nifty Marginally Higher In Early Trade

Indian shares were marginally higher on Wednesday despite mixed global cues.

RTTNews | il y a 7h 24min

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