Ally Financial Shares Plunge 5% Following Q1 EPS Miss
<p><a href='https://financialmodelingprep.com/financial-summary/ALLY'>Ally Financial (NYSE:ALLY)</a> shares fell more than 5% intra-day today after the company reported its Q1 results, with EPS of $0.82 missing the Street estimate of $0.86. Revenue came in at $2.1 billion, better than the Street estimate of $2.07 billion.</p>
<p>Net financing revenue decreased 4.3% sequentially to $1.6 billion as higher earning assets were offset by a 14 bps sequential decline in the margin to 3.51%. Earning asset yields increased 47 bps sequentially to 6.71%, while funding costs increased 66 bps to 3.39%.</p>
<p>Management remains confident in the trajectory of earnings over time, though navigating near-term margin, funding, and credit dynamics remains the focus.</p>

NYSE:ALLY