Markets ALLY

Ally Financial Q1 Swings To Earnings

(RTTNews) - Ally Financial Inc. (ALLY), on Friday reported profit in the first quarter compared with the previous year.

For the first quarter, net income attributable to the shareholders came in at $291 million compared with loss of $253 million in the previous year.

Earnings per share were $0.93 versus loss per share of $0.82 last year.

Adjusted net income attributable to stockholders increased to $346 million from $179 million in the previous year.

Adjusted earnings per share were $1.11 versus $0.58 last year.

Revenue surged to $2.10 billion from $1.54 billion in the previous year.

Adjusted revenue also jumped to $2.18 billion from $2.07 billion in the same period last year.

In the pre-market trading, Ally Financial is 3.18% higher at $43.28 on the New York Stock Exchange.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available