Ally Financial Inc

ALLY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$72.00	Sxy	Mgsqhsxw

Ally Financial Earnings: Credit Costs Eat Into Net Income but the Sale of Ally Lending Is a Positive

Michael Miller

Jan 19, 2024

No-moat-rated Ally Financial reported fourth-quarter earnings that were in line with our expectations once some one-time expenses were accounted for. Along with its earnings release, the firm announced it was selling Ally Lending, its point-of-sale personal loan business, to Synchrony. We appreciate this move as it allows the company to focus its resources on its primary growth opportunities.

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