
Ally Financial's Net Income Falls 30% as It Divests Non-Core Assets for Focus
Ally Financial Inc.Description
What this story covers
Ally Financial's 2024 10-K shows $669 million net income, down 30%, amid higher provisions. Assets $191.8 billion; strong liquidity ($68.5 billion) and capital (CET1 9.82%). Strategy shifts to core auto finance via divestitures, targeting 4-6% EPS growth through 2027.
Story snapshot
CompanyAlly Financial Inc.
TickerALLY
VariantStandard detailed
Duration12:46
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0000040729-25-000006
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