Ally financial reports qtrly total net revenue of $1.61 bln, up 4% yoy

Ally financial inc - qtrly total net revenue of $1.61 billion, up 4% yoy.ally financial inc - qtrly adjusted total net revenue of $1.53 billion, down 2%.ally financial inc - qtrly net income of $241 million, $0.64 eps, $0.61 adjusted eps.ally financial inc - qtrly adjusted tangible book value per share up 0.5% to $33.73.ally financial inc - share repurchases to remain suspended through year-end 2020.ally financial inc - board of directors approved 3q 2020 common dividend of $0.19.ally financial inc - qtrly provision for credit losses up $110 million to $287 million due to covid-19 reserve build driven by macroeconomic variables.ally financial inc - qtrly net financing revenue $1.05 billion, down $103 million, driven by lower commercial auto balance and portfolio yield, among other things.ally financial inc - qtrly net interest margin of 2.40%, down 26 bps.ally financial inc - qtrly total deposits of $131.0 billion, up $14.7 billion yoy, and up $8.7 billion qoq.ally financial inc - excluding core oidb, qtrly nim was 2.42%, down 25 bps.ally financial inc - ally maintaining internal cet1 target of 9.0%.ally financial inc - qtrly core return on tangible common equity 7.6% versus 12.4%.ally financial inc - qtrly prelim. cet1 capital ratio increased from 9.3% to 10.1% quarter-over-quarter.
ALLY Ratings Summary
ALLY Quant Ranking