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ALLY - Ally Financial Inc News Story

$43.72 0.6  1.5%

Last Trade - 8:19pm

Sector
Financials
Size
Large Cap
Market Cap £11.60bn
Enterprise Value £28.45bn
Revenue £5.42bn
Position in Universe 654th / 6647

BRIEF-Ally Financial Reports Quarterly Total Net Revenue of $2.0 Bln, Up 21% YOY

Fri 22nd January, 2021 12:34pm
Jan 22 (Reuters) - Ally Financial Inc  ALLY.N :
    * ALLY FINANCIAL REPORTS FOURTH QUARTER AND FULL YEAR 2020
FINANCIAL RESULTS
    * FOURTH QUARTER NET INCOME OF $687 MILLION, $1.82 EPS,
$1.60
ADJUSTED EPS
    * QTRLY  TOTAL NET REVENUE OF $2.0 BILLION, UP 21% YOY
    * Q4 NIM WAS 2.90%, UP 26 BPS YEAR-OVER-YEAR
    * Q4 PROVISION FOR CREDIT LOSSES DECREASED $174 MILLION TO
$102
MILLION
    * BOARD APPROVED AN UP TO $1.6 BILLION SHARE REPURCHASE
PROGRAM
FOR 2021
    * Q4 PRELIMINARY COMMON EQUITY TIER 1 CAPITAL RATIO
INCREASED FROM
9.5% TO 10.6%
    * Q4 EARNINGS PER SHARE VIEW $1.05, REVENUE VIEW $1.67
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn7rmpBta 
Further company coverage:  ALLY.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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