Ally Financial Rises 2.7% on Q3 Results, Upcoming Dividend
Ally Financial (NYSE: ALLY) ended the week on a high note on Friday, posting Q3 of fiscal 2020 results that topped expectations, and reiterating that it will keep its dividend steady for now.
For the quarter, Ally booked non-GAAP (adjusted) net revenue of $1.68 billion, which was 4% higher than in the same period of 2019. Adjusted net income also headed north, rising at a faster clip of 19% to hit $473 million, or $1.25 per share. That was on the back of 13% growth in total deposits, and a 5% climb in originations for the company's core auto loan products.
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Source Fool.com
