Ally Financial Inc
ALLY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.qr | LOCK|Ds | LOCK|^%>^P&d |
Ally Financial Earnings: Lower Costs Support a Recovery in Earnings
Ally Financial reported solid earnings with adjusted EPS coming in at $0.78 versus $0.40 last year. This was largely due to lower operating and credit costs as total adjusted revenue only increased 3.6% over the same period. Ally also announced that it will be selling its credit card portfolio.
