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Shares of Ally Financial (NYSE:ALLY) dropped 4% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share fell 155.00% year over year to ($0.44), which might not be comparable to the estimate of $0.71.
Revenue of $1.412 billion, missed the estimate of $1.60 billion
Guidance
Earnings guidance hasn't been issued by the company for now.
Ally Financial hasn't issued any revenue guidance for the time being.
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Recent Stock Performance
52-week high: $35.42
52-week low: $10.22
Price action over last quarter: down 54.74%
Company Overview
Ally Financial Inc is a diversified financial services firm that services automotive dealers and their retail customers. The company operates as a financial holding company and a bank holding company. Its banking subsidiary, Ally Bank, caters to the direct banking market through Internet, mobile, and mail. The company reports four business segments including Automotive Finance operations, Insurance operations, Mortgage Finance operations and Corporate Finance operations.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.