BUZZ-Ally Financial rises on move to simplify business, Q4 profit beat

Reuters
01-22
BUZZ-Ally Financial rises on move to simplify business, Q4 profit beat

** Consumer lender Ally Financial's ALLY.N shares rise 6.5% to $40.65 premarket

** ALLY posts Q4 adjusted profit of 78 cents/share, beating Wall Street expectations of 57 cents/share, according to estimates compiled by LSEG

** Q4 net financing revenue rose $7 mln to $1.51 bln, driven by lower funding costs

** CEO Michael Rhodes expresses optimism on strong momentum across ALLY's business as the company enters 2025, driven by an improved outlook on credit

** ALLY also announced a raft of actions taken in Q4 to simplify and streamline the company

** Co has agreed to sell its credit card business to credit and payments company CardWorks

** ALLY is also ceasing new mortgage loan applications from Jan. 31 and said it paid $22 mln in severance pay to laid off workers

** ALLY stock rose 3.1% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10