Ally Financial (ALLY): Q3 2019 Earnings Snapshot

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Earnings Update by AlphaStreet

— Ally Financial (NYSE: ALLY) reported 3Q19 earnings of $1.01 per share, vs. $0.97 expected, driven by higher net financing revenue.

— Total
net revenue grew 6% to $1.60 billion, vs. $1.57 billion expected.

— Consumer
auto originations of $9.3 billion, up 14% YoY

— Total
retail deposit customers grew 20% YoY

— ALLY shares gained 1.5% immediately following the announcement.

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