DETROIT - Ally Financial (NYSE:ALLY) Inc. has announced its fourth-quarter financial results, delivering a net income of $76 million. The earnings per share (EPS) stood at 16 cents but adjusted to 45 cents after accounting for non-recurring costs. This performance exceeded market expectations, with quarterly revenues hitting $2.07 billion, notably higher than the anticipated $1.99 billion.
Over the year, Ally Financial reported a significant annual profit of $1.02 billion, translating to $2.98 per share, while total revenues reached $8.21 billion. Despite these strong figures, the company's stock has experienced a downturn since the start of the year, dropping by 8%. This decline comes even after the stock's value rose by 19% over the previous year.
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