CHARLOTTE, N.C., March 12, 2025 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) will announce its financial results for the first quarter on Thursday, April 17, 2025, around 7:30 a.m.
Ally Financial is adjusting its balance sheet to increase its net interest income (NII) and net interest margin (NIM) in the future. Because of this, the company will face a pre-tax loss of $250 million in the first quarter.
Bank stocks generally aren't known for rapid growth. People often invest in them for their stability and the potential for dividends.
On Tuesday, Ally Financial announced that it has sold $2.8 billion worth of low-yield investment securities. This move is part of a strategy to adjust its portfolio, which the consumer lender believes will lead to a slight rise in its interest income in the future.
Recently, several prominent companies in the financial services industry have performed exceptionally well for their investors. Stocks of major players like Goldman Sachs and JPMorgan Chase, along with newer fintech companies such as SoFi Technologies and Robinhood Markets, have seen significant increases over the past year.
Ally Financial (ALLY -3.67%) greatly benefited from the COVID-19 pandemic. As a bank for consumers and a provider of car loans, the company experienced positive effects in both areas of its business.
Ally Financial is leaving the credit card market to concentrate on its main activities, such as car loans, as it tries to bounce back from recent difficulties. The company's low price/book ratio and a Forward P/E of 10.46 indicate possible value, especially with share buybacks planned. Selling the credit card division is expected to have no effect on income, while increasing tangible book value by $1 per share.
Most investors are familiar with Warren Buffett. He is the person who holds yearly meetings for his company, Berkshire Hathaway, which attract tens of thousands of attendees in Omaha, Nebraska, each year.
Ally Financial (ALLY -0.46%) is off to a good start in 2025, with its shares rising by 8% as of February 19. Despite this increase, the stock is still around 15% lower than its highest point in the last year and over 30% below its record high from 2021.
CHARLOTTE, N.C., Feb. 19, 2025 /PRNewswire/ -- Russ Hutchinson, the Chief Financial Officer of Ally Financial Inc. (NYSE: ALLY), will speak at the RBC Capital Markets Financial Institutions Conference on Wednesday, March 5, 2025, around 9:20 a.m.