ALLY Q1 Earnings Top on Higher Net Finance Revenues & Lower Provisions

Ally Financial’s (ALLY) first-quarter 2025 adjusted earnings of 58 cents per share handily surpassed the Zacks Consensus Estimate of 43 cents. Also, the bottom line reflected a jump of 41.5% from the year-ago quarter.It completed the sale of Ally Credit Card on April 1, 2025. Further, the company implemented two securities repositioning transactions during the quarter to reduce accumulated other comprehensive income (AOCI) volatility and improve its interest rate risk position. These initiatives will likely ...