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Last $21.08 USD
Change Today +0.16 / 0.76%
Volume 3.6M
ALLY On Other Exchanges
Symbol
Exchange
New York
Munich
As of 6:40 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Key Developments

Ally Financial Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2015

Ally Financial Inc. reported earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported net income of $182 million, which included a $155 million pre-tax charge for the extinguishment of legacy, high-cost debt. This compares to net income of $576 million in the prior quarter and $323 million for the second quarter of 2014. A generally accepted accounting principles (GAAP) loss of $2.22 per common share in the second quarter of 2015 was primarily driven by the redemption of $1.3 billion of Series G preferred securities during the quarter. The company reported core pre-tax income of $435 million, excluding repositioning items, in the second quarter of 2015, compared to $490 million in the prior quarter and $417 million in the comparable prior year period. Adjusted earnings per diluted common share for the quarter were $0.46, compared to $0.52 in the previous quarter and $0.42 in the prior year period. Driving results this quarter was improved net financing revenue, which totaled $927 million in the second quarter of 2015, up from $912 million in the second quarter of 2014, led by strong retail auto loan growth and lower cost of funds, which more than offset a decline in net lease revenue.

Ally Financial Inc. Declares Dividends on Preferred Stock, Payable on August 17, 2015

Ally Financial Inc. has declared quarterly dividend payments for certain outstanding preferred stock. Each of these dividends was declared by the board of directors on July 22, 2015, and are payable on Aug. 17, 2015. A quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of approximately $23 million, or $17.89 per share, and is payable to shareholders of record as of Aug. 1, 2015. Additionally, a dividend payment was declared on Ally's Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of approximately $14.8 million, or $0.53 per share, and is payable to shareholders of record as of Aug. 1, 2015.

Ally Financial Inc. Appoints Maureen Breakiron-Evans and Michael Steib to Board of Directors

Ally Financial Inc. announced that Maureen Breakiron-Evans and Michael Steib have been appointed to the board of directors, effective July 22, 2015. Breakiron-Evans will also serve on the board's audit committee.

Ally Financial Inc. to Report Q2, 2015 Results on Jul 28, 2015

Ally Financial Inc. announced that they will report Q2, 2015 results at 7:30 AM, Eastern Daylight on Jul 28, 2015

Ally Financial Inc., Q2 2015 Earnings Call, Jul 28, 2015

Ally Financial Inc., Q2 2015 Earnings Call, Jul 28, 2015

 

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ALLY:US $21.08 USD +0.16

ALLY Competitors

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Company Last Change
Commerzbank AG €9.89 EUR +0.231
CIC €185.95 EUR +0.30
KeyCorp $13.32 USD +0.23
Regions Financial Corp $9.34 USD +0.13
Santander Consumer USA Holdings Inc $21.61 USD +0.09
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Industry Analysis

ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 0.7x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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