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.

Image source: Getty Images.

Source Fool.com