==Ally Financial (ALLY) reported earnings on Wed 22 Jan 25 (b/o)

 

Ally Financial beats by $0.21, beats on revs; to sell its credit card business to CardWorks

• Reports Q4 (Dec) earnings of $0.78 per share, excluding non-recurring items, $0.21 better than the FactSet Consensus of $0.57; adjusted revenues rose 3.6% year/year to $2.09 bln vs the $2.02 bln FactSet Consensus.
• Also, co and CardWorks announce that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 bln in credit card receivables with 1.3 mln active cardholders as of Dec. 31, 2024.
• "Ally's decision to sell its credit card business is part of our broader strategy to pursue a more focused approach, enabling us to simplify and streamline our structure, prioritize our core businesses, and drive improved returns," said Ally CEO Michael Rhodes. The transaction is expected to close in 2025, subject to the completion of customary closing conditions.
• Co says the sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit card issuer and servicer.

Earnings this week : Jan 20 - 24, 25 (wk 4)

Markets will be closed on Monday, January 20th for Martin Luther King Jr. Day

Tuesday (January 21)

• Morning: MMM SCHW CBU DHI FBK FITB KEY EDU ONB PEBO PLD UMC
• Afternoon: AGYS COF FULT HWC IBKR NFLX CASH PNFP PRGS STX SFNC UAL WTFC ZION

Wednesday (January 22)

• Morning: ABT ALLY  APH BKU CMA CBSH FNB GEV HAL JNJ OFG PG TEL TDY TXT TRV UCB
• Afternoon: AA CACI CADE CATY CNS DFS HXL KMI KNX NBHC PLXS RLI SLG STLD WSBC

Thursday (January 23) 

• Morning: ALK AAL AUB BANC ELV FBP FCX GATX GE MKC NTRS PPBI TCBI UNP VLY WNS
• Afternoon: ASB COLB CSX CUBI EWBC FFBC GBCI ISRG SLM SSB TXN

Friday (January 24)

• Morning: AXP ERIC HCA LKFN NEE NWBI VZ

-=Ally Financial (ALLY) reported earnings on Tue 15 Oct 2019 (a/h)

Ally Financial beats by $0.03, beats on revs

Reports Q3 (Sep) earnings of $1.01 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.98; revenues rose 6.5% yr/yr to $1.62 bln vs the $1.57 bln S&P Capital IQ Consensus.

Consumer auto originations were $9.3 bln, up 14% yr/yr, sourced from a third quarter record 3.2 mln applications, up 11%yr/yr.

Insurance written premiums were $357 mln, up 11%yr/yr.

Earnings this week : Oct 14 - 18, 19 (wk 42)

Monday (October 14)

• None

COLUMBUS DAY: In honor of the holiday, US bond markets and the Federal Reserve Bank will be closed on Monday, October 14, 2019. Stock, options, and futures markets will be open.

Tuesday (Oct 15)

• Morning: APHA BLK C FRC GS JNJ JPM OMC PLD SCHW UNH WFC WIT
• Afternoon: HWC JBHT PNFP SNBR UAL

Wednesday (Oct 16)

• Morning: ABT  ALLY ASML BAC BK CBSH CMA FHN PGR PNC USB
• Afternoon: AA CATY CCI CCK CNS CSX EGBN IBM KMI LLNW NFLX SLG STLD TBK TCBI UMPQ URI WTFC

Thursday (Oct 17)

• Morning: BBT BMI DOV ERIC EWBC FNB GPC GTLS HOMB HON HTLD IIIN KEY MS MTB PM POOL PPG SASR SNA SON STI TSM TXT UNP WNS
• Afternoon: BDN ETFC EXPO FFBC ISRG MRTN OZK PBCT TEAM WAL WDFC

Friday (Oct 18) 

• Morning: ABCB AXP CFG GNTX IBKC KO KSU MAN SLB STT SXT SYF

Notable earnings reports:

• JPMorgan (JPM), Johnson & Johnson (NYSE:JNJ), UnitedHealth Group (NYSE:UNH), Goldman Sachs (NYSE:GS), Wells Fargo (WFC), Citigroup (C), United Continental (NASDAQ:UAL), Charles Schwab (NYSE:SCHW) and BlackRock (NYSE:BLK) on October 15; 
• Netflix (NASDAQ:NFLX), IBM (NYSE:IBM), Bank of America (NYSE:BAC), Kinder Morgan (NYSE:KMI) and Abbott Laboratories (NYSE:ABT) on October 16; 
• Philip Morris International (NYSE:PM), Morgan Stanley (NYSE:MS) and Union Pacific (NYSE:UNP) on October 17; Coca-Cola (NYSE:KO), American Express (NYSE:AXP), State Street (NYSE:STT) and Gentex (NASDAQ:GNTX) on October 18.

=Ally Financial (ALLY) reported earnings on Wed 30 Jan 2019 (b/o)

Ally Financial beats by $0.09, misses on revs

• Reports Q4 (Dec) earnings of $0.92 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.83; revenues fell 2.4% year/year to $1.44 bln vs the $1.53 bln S&P Capital IQ Consensus.

Earnings this week : Jan 28 - Feb. 1, 19 (wk 5)

So far, 22% of the S&P 500 has reported quarterly results.

• A myriad of large/mega cap bellwethers will report quarterly results next week, including Caterpillar on Monday morning and four of the largest technology companies in the world: Apple on Tuesday afternoon, Microsoft and Facebook on Wednesday and Amazon on Thursday.

Earnings confirmed to report this week:

Monday (Jan 28) 

• Morning: BOH CAT
• Afternoon:  AKS BRO CE CR ELS ETH GGG HTLF IBTX JJSF RGA RMBS SANM SSB WHR WSBC WWD

Mon pm/Tue am
https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AKS,BRO,CE,CR,ELS,ETH,GGG,HTLF,IBTX,JJSF,RGA,RMBS,SANM,SSB,WHR,WSBC,WWD,AGN,ALV,AOS,AXE,BIIB,CIT,CVLT,DHR,DOV,EAT,EXP,EXTR,FBP,GLW,GPK,HCA,HOG,HRS,KNX,LLL,LMT,MMM,MTOR,NUE,PCAR,PFE,PHG,PHM,PII,PNR,POL,PPBI,ROK,SAP,UMC,VZ,XRX

Tuesday (Jan 29)

• Morning:  AGN ALV AOS AXE BIIB CIT CVLT DHR DOV EAT EXP EXTR FBP GLW GPK HCA HOG HRS KNX LLL LMT MMM MTOR NUE PCAR PFE PHG PHM PII PNR POL PPBI ROK SAP UMC VZ XRX
• Afternoon: AAPL ALGN AMD AMGN AX BXP CHRW CNI COHR EBAY ILMN JNPR KLAC MSTR MXIM NATI PFG PKG RHI RNR SIMO SLGN SYK TSS UMBF WRB

Tue pm/Wed am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AAPL,ALGN,AMD,AMGN,AX,BXP,CHRW,CNI,COHR,EBAY,ILMN,JNPR,KLAC,MXIM,NATI,PFG,PKG,RHI,RNR,SIMO,SLGN,SYK,TSS,UMBF,WRB,,ADP,ALLY,ANTM,AVY,AXTA,BA,BABA,BEN,CHKP,EVR,GD,HES,IR,IVZ,MCD,NDAQ,OSK,PB,RCL,SC,SIRI,SLAB,SMG,T,TCF,TMO,TUP
Wednesday (Jan 30)

• Morning: ADP ALLY ANTM AVY AXTA BA BABA BEN CHKP EVR GD HES IBN  IR IVZ MCD NDAQ OSK PB RCL SC SIRI SLAB SMG T TCF TMO TUP
• Afternoon:  AFG AGNC ALGT AMP ARCB AXS BDN CACC CACI CLB CMPR CREE CRUS DLB DRE EFII EGOV ESS EZPW FB FICO FLEX GHL HOLX ISBC LLNW LSTR MAA MDLZ MEOH MLNX MSFT MTH MUR MUSA NOW PYPL QCOM RXN SEIC SXI THG TSLA TTEK V WYNN  X

Wed pm/Thur am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFG,AGNC,ALGT,AMP,ARCB,AXS,BDN,CACC,CACI,CLB,CMPR,CREE,CRUS,DLB,DRE,EFII,EGOV,ESS,EZPW,FB,FICO,FLEX,GHL,HOLX,ISBC,LLNW,LSTR,MAA,MDLZ,MEOH,MLNX,MSFT,MTH,MUR,MUSA,NOW,PYPL,QCOM,RXN,SEIC,SXI,THG,TSLA,TTEK,V,WYNN,X,ABC,ABMD,APO,APRN,APTV,BAX,BC,BHGE,BLL,BMS,BX,CELG,CFR,CHTR,CMCO,CMS,CNX,CNXM,COP,CRR,CRS,DWDP,EPD,ETN,FCFS,FLWS,GE,HSY,IIVI,IP,KEM,KEX,KIM,LANC,MA,MAN,MDC,MIXT,MMC,MMP,MNRO,MO,MSCI,NOC,NOK,NS,NVT,OMN,PH,RACE,RDS-A,RFP,RTN,S,SHW,SILC,SNDR,TSCO,UPS,VLO,VLY,WCC,WRK,WRLD,XEL,XYL,YRCW

Thursday (Jan 31)

• Morning:  ABC ABMD APO APRN APTV BAX BC BHGE BLL BMS BX CELG CFR CHTR CMCO CMS CNX CNXM COP CRR CRS DWDP EPD ETN FCFS FLWS GE HSY IIVI IP KEM KEX KIM LANC MA MAN MDC MIXT MMC MMP MNRO MO MSCI NOC NOK NS NVT OMN PH RACE RDS.A RFP RTN S SHW SILC SNDR TSCO UPS VLO VLY WCC WRK WRLD XEL XYL YRCW
• Afternoon:  AFL AJG AMZN CLS CPT CY DECK EMN ENVA EPAY ESL EW EXPO FBHS HAYN KLIC LPLA MATW MCK MOD MTX NFG OTEX PFPT PKI POST SIGI SKYW SYMC WAIR YUMC

 Thur pm/Fri am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFL,AJG,AMZN,CLS,CPT,CY,DECK,EMN,ENVA,EPAY,ESL,EW,EXPO,FBHS,HAYN,KLIC,LPLA,MATW,MCK,MOD,MTX,NFG,OTEX,PFPT,PKI,POST,SIGI,SKYW,SYMC,WAIR,YUMC,AON,BAH,BERY,CI,CVX,CYOU,D,HMC,HON,IDXX,IMO,ITW,JCI,KKR,LYB,MINI,MRK,MSG,OSB,PFS,ROP,SBSI,SF,SNE,SOGO,SOHU,SPG,SPR,VRTS,WETF,WFT,WY,XOM,ZBH

Friday (Feb 1)

• Morning: AON BAH BERY CI CVX CYOU D HMC HON IDXX IMO ITW JCI KKR LYB MINI MRK MSG OSB PFS ROP SBSI SF SNE SOGO SOHU SPG SPR VRTS WETF WFT WY XOM ZBH

According to FactSet, fourth quarter reported earnings per share are up 12% with sales up 6.6%. Fourth quarter earnings are now expected to grow 11% with sales up 6.0%. Roughly 67% have exceeded earnings estimates while 55% have beaten revenue expectations. 59% of companies reporting earnings have traded higher in response.

First quarter EPS are now expected to grow just 0.5% with sales up 6%. For 2019, earnings are expected to grow 6.1% with sales up 5.3%.

=Ally Financial (ALLY) reported earnings on Tue 31 Jan 2017 (b/o)

DETROIT (AP) _ Ally Financial Inc. (ALLY) on Tuesday reported fourth-quarter net income of $248 million, after reporting a loss in the same period a year earlier.

The Detroit-based company said it had net income of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The auto finance company and bank posted revenue of $2.46 billion in the period. Its adjusted revenue was $1.37 billion, which met Street forecasts.

For the year, the company reported net income of $1.07 billion, or $2.15 per share, swinging to a profit in the period. Revenue was reported as $5.44 billion.

Ally Financial shares have risen 3.5 percent since the beginning of the year. The stock has increased 28 percent in the last 12 months.

Great trade : ALLY +350% (2/17)

• Wed 1/25:  10, 15, 37
• 9, 10, 15, 22, 37, 59, 97
• bot ALLY Feb 17  $20 calls @ 0.35
• sold @ 1.60 on Wed 2/1
• profit $1.20 or 350%  (stock +10%) 

Wed 1/25 bot

Trade

Details

5,016

vol 540

0.04

0.31

0.30

0.35

20.00

Wed 2/1 sold

Trade

Details

5,077

0

0.00

1.20

1.60

1.70

20.00