Core Viewpoint - The financial sector has shown strong performance in the first quarter, with major banks and money management firms reporting excellent results, indicating potential for recovery and investment opportunities in a sector that has faced challenges over the past year [1][2]. Group 1: Financial Sector Performance - The first quarter earnings season was largely positive for the financial sector, with leading banks and money management firms posting stellar results [1]. - The top financial stocks have a history of paying reliable dividends, making them attractive in an overbought stock market [1]. Group 2: Notable Financial Stocks - Six large-cap stocks identified as dependable dividend payers have the endorsement of major Wall Street firms, with Warren Buffett holding significant shares in four of them [2]. - Ally Financial offers a 3.34% dividend and operates primarily in automotive finance, insurance, mortgage finance, and corporate finance [3]. - Bank of America has a solid 2.77% dividend and is well-positioned for loan growth due to its scale and market presence [5]. - Capital One Financial, with a 3.3% dividend, provides a range of financial products and services across various segments [7]. - Citigroup, which pays a 3.55% dividend, operates globally and offers a wide range of financial services, trading at a reasonable valuation [8]. - JPMorgan Chase, with $2.6 trillion in assets, has shown strong first-quarter results and is well-regarded for its diverse range of services [10]. - Wells Fargo, offering a 2.48% dividend, provides a comprehensive suite of banking and financial services and posted strong earnings [12].

This online bank is a leader in its core business and trades cheaply.Ally Financial (ALLY -1.56%) is a leading auto lender, but there's a lot more to the business. Its recent results show that the business is holding up significantly better than investors expected, and it could be a massive beneficiary of falling interest rates in the years ahead, as I discuss in this brief video.*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 23, 2024. ...

Shares of Ally Financial (ALLY) gained 6.7% following the release of its first-quarter 2024 results. Adjusted earnings of 45 cents per share surpassed the Zacks Consensus Estimate of 33 cents. However, the bottom line reflects a decline of 45.1% from the year-ago quarter.Results were primarily aided by an improvement in other revenues. However, a decline in net financing revenues, along with higher expenses and provisions, were the undermining factors.After considering non-recurring items, net income availa ...

Ally Financial Inc. (NYSE:ALLY) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Sean Leary – Head of Investor Relations Doug Timmerman – Interim Chief Executive Officer Russ Hutchinson – Chief Financial Officer Conference Call Participants Moshe Orenbuch – TD Cowen Ryan Nash – Goldman Sachs Sanjay Sakhrani – KBW Jeff Adelson – Morgan Stanley Rob Wildhack – Autonomous Research Bill Carcache – Wolfe Research Securities Chase Haynes – Evercore ISI Operator Good day, and thank yo ...

Ally Financial (ALLY) reported $1.99 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.4%. EPS of $0.45 for the same period compares to $0.82 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of +1.21%. The company delivered an EPS surprise of +36.36%, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Ally Financial (ALLY) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.36%. A quarter ago, it was expected that this auto finance company and bank would post earnings of $0.44 per share when it actually produced earnings of $0.45, delivering a surprise of 2.27%.Over the last four qu ...

Ally Financial Inc. 1Q 2024 Earnings Review April 18, 2024 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com 1Q 2024 Preliminary Results Forward-Looking Statements and Add ...

Exhibit 99.3 FIRST QUARTER 2024 FINANCIAL SUPPLEMENT ALLY FINANCIAL INC. FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION This document and related communications should be read in conjunction with the financial statements, notes, and other information contained in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This information is preliminary and based on company and third-party data available at the time of the presentation or related communication. T ...

Ascendion, the first to receive the inaugural award, recognized for excellence in delivering innovative technology solutions and positive outcomes with software engineering. Ally's Supplier Symposium enables relationships with minority-owned businesses. CHARLOTTE, N.C., April 16, 2024 /PRNewswire/ -- Ascendion, a leading provider of AI-first software engineering services, received the Supplier Diversity: Innovation Award from Ally, a digital financial services company with the nation's largest all-digital ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Ally Financial (ALLY) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. On ...