Ally Financial Inc. (NYSE:ALLY) financial products and services provider, is reporting second quarter earnings results on Friday 17th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.18 per share.
For the full year, analysts predict revenues of $ 5995.96 million, while looking forward to income of $ 0.75 per share.
Previous Quarter Performance
Ally Financial Inc. recorded loss for the first quarter of $ 0.44 per share, from the revenue of $ 1,606.00 million. The quarterly revenues up 0.50 percent compared with the same quarter last year. Wall street analysts are predicting, ALLY to report 1Q20 income of $ 0.71 per share from revenue of $ 1595.90 million. The bottom line results missed street analysts by $ 1.15 or 161.97 percent, at the same time, top line results outshined analysts by $ 10.10 million or 0.63 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ALLY was $ 22.41, representing a 119.28 % increase from the 52 week low of $ 10.22 and a 36.73 % decrease over the 52 week high of $ 35.42.
The company has a market capital of $ 8.36 billion and is part of the Financial sector and Mortgage Investment industry.
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Recent Analyst recommendations
On 15th July 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
On 25th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 31.00 target price.
On 25th June 2020, maintained by Credit Suisse Group at Outperform rating, with $ 29.00 target price.
On 28th May 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.19 per share on April 16, 2020. The dividend were payable on May 15, 2020 to holders of record as of the close of business on May 1, 2020 and ex-dividend date on April 30, 2020.
Conference Call
Ally Financial Inc. will be hosting a conference call at 9:00 AM eastern time on 17th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ally.com
Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
