Ally Financial Inc (ALLY) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.51. Analysts expectations of $1333.63 million. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Ally Financial Inc. Ally Financial Inc was Initiated by Macquarie to “Neutral” on May 11, 2016.
Ally Financial Inc opened for trading at $17.41 and hit $17.55 on the upside on Wednesday, eventually ending the session at $17.41, with a gain of 0.23% or 0.04 points. The heightened volatility saw the trading volume jump to 18,76,051 shares. Company has a market cap of $8,422 M.
Investors should note that on Jul 19, 2016, Ally Financial Inc announced a cash dividend of $0.0800. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.
In a different news, on May 5, 2016, Marjorie Magner (director) purchased 1,000 shares at $16.72 per share price. According to the SEC, on May 4, 2016, Jeffrey Jonathan Brown (CEO) purchased 12,000 shares at $16.81 per share price. On May 4, 2016, Christopher A Halmy (CFO) purchased 6,000 shares at $16.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent diversified financial services firm. Its banking subsidiary Ally Bank is an indirect wholly owned subsidiary of the Company and a franchise in the Internet telephone mobile and mail banking market. Dealer Financial Services which includes the Company’s Automotive Finance and Insurance operations and Mortgage are its primary lines of business. Ally Bank offers deposit products such as checking savings and certificates of deposit (CDs) as well as several raise-your-rate CD terms IRA deposit products Popmoney person-to-person transfer service eCheck remote deposit capture Ally Perks debit rewards program and Mobile Banking.