ALLY
Ally Financial: Q2 Earnings Snapshot
Article Summary
HOLD- Ally Financial Inc. (ALLY) reported second-quarter net income of $410 million, missing Wall Street expectations, with earnings adjusted for non-recurring costs of $1.21 per share, while revenue of $2.29 billion fell short of analyst expectations.
- The auto finance company and bank posted revenue of nearly $2 billion, with shares rising 0.5% and up 14% year-to-date.
- The stock has increased 14% in the last 12 months, while the Zacks Rank #3 (Hold) stock has declined 0.7% and Rank #2 (Buy) has declined 1.2%.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -0.7% | 25% | 0.0 ptsDeclining (-0.7%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 24.4% | 25% | 70.0 ptsGood (24.4%) - Solid outlook |
| Target Price Upside ? | 23.6% | 20% | 70.0 ptsGood Upside (23.6%) - Target: $54.35 vs Current: $43.96 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -7.0% | 15% | 20.0 ptsBarely a Dip (-7.0%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ALLY
- Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States and Canada.
- The company operates through Automotive Finance operations, Insurance operations, and Corporate Finance operations.
- It offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing; and financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.
- The company also provides consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers; VSCs, VMCs, and GAP products; and underwrite select commercial insurance coverages, which primarily insure dealers' vehicle inventory.
- In addition, it provides senior secured asset-based and leveraged cash flow loans to middle-market companies; leveraged loans; commercial real estate product to serve companies in the nursing facilities, senior housing, and medical office buildings; and treasury activities, such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, original issue discount, and equity investments.
- Further, the company offers deposits and securities brokerage and investment advisory services.
- The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010.
- Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.