Ally Financial (NYSE:ALLY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.66b (flat on 3Q 2023).

• Net income: US$330.0m (up 23% from 3Q 2023).

• Profit margin: 20% (up from 16% in 3Q 2023).

• EPS: US$1.08 (up from US$0.88 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ally Financial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 150%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Ally Financial that you should be aware of.

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