Ally Financial Analysts Cast a Critical Eye on Its Earnings Beat
- NIM compressed and originations missed in the third quarter
- Shares earlier fell as much as 3.1% to lowest in 13 months
Photographer: Tripplaar Kristoffer/SIPA/Getty Images
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Ally Financial Inc. wavered between gains and losses as analysts cast a critical eye at the company’s net interest margins, cost of deposits and lower-than-expected auto loan originations even as third-quarter earnings topped the highest estimate. The shares were little changed at 10:46 a.m. in New York after earlier sinking as much as 3.1 percent.
Morgan Stanley, Betsy Graseck