NYSE$ALLY
Ally Financial Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Ally's financial results for Q1 2024 reflected the strength and scale of its market-leading franchises.
Ally Financial reported a net income attributable to common shareholders of $129 million for Q1 2024, compared to $291 million in Q1 2023. The decrease was driven by lower net financing revenue, higher provision for credit losses, and higher noninterest expenses, partially offset by higher other revenue. The company saw record consumer auto applications and continued momentum in insurance earned premiums.
- Michael Rhodes was announced as CEO starting April 29.
- The sale of Ally Lending was successfully closed, resulting in a CET1 benefit.
- A record 3.8 million consumer auto applications were received, driving $9.8 billion of origination volume.
- Insurance earned premiums reached a record $349 million, with continued momentum from new P&C OEM relationships.
Headline financials
Revenue & EPS history
Ally · Revenue · Quarterly
$1.99B
Revenue by segment
Ally · $1.78B total across 3 segments · Q3 2023
- Automotive Finance$1.36B+178.7%76.4%
- Insurance Operations$324M+1180.0%18.2%
- Corporate Finance$97M+6.6%5.4%
Forward guidance
No specific forward guidance was provided in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.5%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.2%
Avg return
30 days after
44%
22 / 50 earnings
Positive
+23.3%
Q4 2022
Best reaction
-9.2%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -0.1% | +9.0% | +0.1% | |
| Q1 2026 | -0.7% | +9.0% | +0.1% | |
| Q3 2025 | +3.6% | +5.6% | +2.2% | |
| Q2 2025 | +0.0% | -1.6% | +8.6% | |
| Q1 2025 | -1.7% | -2.4% | +12.0% | |
| Q4 2024 | +3.9% | +2.8% | -1.8% | |
| Q3 2024 | -0.1% | +1.9% | +9.9% | |
| Q2 2024 | +0.7% | +4.9% | -0.1% | |
| Q1 2024 | +7.7% | +9.5% | +10.6% | |
| Q4 2023 | +13.0% | +13.5% | +12.0% | |
| Q3 2023 | -6.1% | -11.2% | +7.4% | |
| Q2 2023 | -3.2% | -2.6% | -8.2% | |
| Q1 2023 | -1.8% | -2.8% | -1.6% | |
| Q4 2022 | +23.3% | +24.7% | +18.6% | |
| Q3 2022 | -8.5% | -7.4% | -9.4% | |
| Q2 2022 | -1.2% | -6.2% | +3.8% | |
| Q1 2022 | -3.8% | -6.2% | -13.7% | |
| Q4 2021 | -4.7% | -1.5% | +1.6% | |
| Q3 2021 | -9.2% | -9.8% | -14.1% | |
| Q2 2021 | +9.5% | +7.9% | +6.7% | |
| Q1 2021 | +1.0% | +3.7% | +9.7% | |
| Q4 2020 | -1.5% | -8.7% | +7.2% | |
| Q3 2020 | +2.1% | -0.0% | +7.3% | |
| Q2 2020 | -5.2% | -4.1% | +1.0% | |
| Q1 2020 | -7.7% | -7.0% | +7.1% | |
| Q4 2019 | +8.1% | +3.6% | -5.9% | |
| Q3 2019 | -4.7% | -4.2% | -3.6% | |
| Q2 2019 | +5.1% | +7.2% | -2.2% | |
| Q1 2019 | +0.9% | +0.3% | -0.9% | |
| Q4 2018 | +3.0% | +4.7% | +6.8% | |
| Q3 2018 | -0.4% | +2.5% | +1.9% | |
| Q2 2018 | -2.5% | -4.3% | -2.6% | |
| Q1 2018 | -4.4% | -5.7% | -3.7% | |
| Q4 2017 | -1.7% | -4.6% | -9.5% | |
| Q3 2017 | +5.6% | +6.5% | +7.7% | |
| Q2 2017 | +4.5% | +4.9% | +4.8% | |
| Q1 2017 | -6.3% | -5.6% | -9.6% | |
| Q4 2016 | +9.7% | +15.3% | +14.3% | |
| Q3 2016 | -4.5% | -7.6% | +1.2% | |
| Q2 2016 | +0.2% | +2.3% | +12.0% | |
| Q1 2016 | -3.4% | — | — | |
| Q4 2015 | +6.4% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | +6.6% | — | — | |
| Q1 2015 | +6.2% | — | — | |
| Q4 2014 | -6.5% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | -4.0% | — | — | |
| Q1 2014 | -0.4% | — | — | |
| Q4 2013 | +1.1% | — | — | |
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