Investing.com - Ally Financial Inc reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ally Financial Inc announced earnings per share of $1.12 on revenue of $2.09. Analysts polled by Investing.com anticipated EPS of $1.73 on revenue of $2.16B.
Ally Financial Inc shares are down 39.7% from the beginning of the year , still down 48.99% from its 52 week high of $56.28 set on Thursday, October 21, 2021.
Ally Financial Inc follows other major Financial sector earnings this month
Ally Financial Inc's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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