On Oct 19, 2022, Ally Financial reported its third quarter results and missed big on the Zacks Consensus Estimate. It operates a digital bank, Ally Bank, which offers mortgage lending, personal lending, deposits and other banking products, as well as auto finance and insurance operations.Īlly also operates a consumer credit card business, a securities brokerage and investment advisory service and a corporate finance business for equity sponsors and middle-market companies. This Zacks Rank #5 (Strong Sell) is expected to see double digit earnings decline this year and next.Īlly Financial is a digital financial services company with commercial and corporate customers. ALLY is raising credit loss provisions in its auto loan business as economic uncertainty rises.
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