Retail Auto News Today

Net Income Hits $1.0 Billion for the Year, Adjusted EPS at $3.05

Operator: Good day and thank you for standing by. Welcome to the Ally Financial’s Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Ally Financial Inc. (NYSE:ALLY) Q3 2023 Earnings Call Transcript October 18, 2023 Ally Financial Inc. beats earnings expectations. Reported EPS is $0.83, expectations were $0.8. Operator: Good day and thank you for standing by. Welcome to the Ally Financial’s Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After […]

ALLY earnings call for the period ending September 30, 2023.

While every automaker won't have nearly the same success as Tesla (TSLA), investing in consumer lending companies that offer exposure to auto loans could be a rewarding option as well.

TORONTO (Reuters) -Bank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third largest bank said on Saturday. The move, applicable in Canada and the United States, comes after BMO's bad debt provisions in retail trade surged to C$81 million ($60 million) in the quarter ended July 31 compared with a recovery of C$9 million a year ago, in a sign of growing stre...