NYSE$ALLY
Ally Financial Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Ally's financial performance reflected its ability to navigate a changing environment, demonstrating growth in key areas while addressing challenges in others.
Ally Financial reported GAAP EPS of $1.06 and Adjusted EPS of $0.95 for Q3 2024. The company saw growth in insurance written premiums and continued retail deposit customer growth. However, the company faced challenges including higher retail auto net charge-offs.
- GAAP EPS reached $1.06, and Adjusted EPS was $0.95, showing year-over-year increases.
- Consumer auto originations amounted to $9.4 billion.
- Insurance written premiums hit a record $384 million, marking a 15% increase year-over-year.
- Retail deposits totaled $141 billion, with 92% being FDIC insured, and the company gained 57,000 new deposit customers.
Headline financials
Revenue & EPS history
Ally · Revenue · Quarterly
$2.1B
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
The company is focused on executing its long-term strategic priorities and delivering value for its customers, communities, and shareholders.
Tailwinds
- Underlying trends in Dealer Financial Services
- Underlying trends in Deposits
- Underlying trends in Corporate Finance
- Robust network of 22 thousand dealers
- Strong risk adjusted yields
Headwinds
- Evolving operating environment
- Challenges of managing through a unique environment
- Elevated Retail Auto net charge-offs
- Higher provision expense
- Lower net financing revenue
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 Q3 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% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro