Ally Financial (ALLY) Misses Q1 EPS by 2c
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Ally Financial Reports First Quarter 2016 Financial Results
April 26, 2016 7:30 AM EDTCHARLOTTE, N.C., April 26, 2016 /PRNewswire/ --Â
Net income: $250 million GAAP EPS: $0.49 and Adjusted EPS1: $0.52 GAAP ROTCE: 7.3% and Core ROTCE1: 9.8% GAAP Tangible Book Value: $27.10/share and Adjusted Tangible Book Value1: $25.36/share, up 7% YoY Core pre-tax income, ex. repositioning items1: $419 million Net financing revenue, ex. OID: $964 million, up 12% YoY Higher than normal insurance weather losses, up $22 million YoY Adjusted efficiency ratio1: 45% Announced elimination of all remaining Series A preferred stock TradeKing acquisition announced, adding online... More