Ally Financial Shares Surge 23% Since Q4 Earnings Release
<p><a href='https://financialmodelingprep.com/financial-summary/ALLY'>Ally Financial (NYSE:ALLY)</a> shares gained more than 23% since the company’s reported Q4 results on Friday morning, with EPS of $1.08 coming in better than the Street estimate of $0.97. Revenue was $2.2 billion, beating the Street estimate of $2.06 billion.</p>
<p>Although normalization in retail auto credit and deposit pricing is accelerating and causes investor concerns, management expressed confidence that as these dynamics stabilize.</p>
<p>Management is optimistic that the margin can trough at approximately 3.50% in 2023, and with asset repricing tailwinds, can improve to 3.75%-4.00% in 2024.</p>

NYSE:ALLY