Ally Financial reports Q4 adjusted EPS $1.08, consensus $1.00

Reports Q4 revenue $2.2B, consensus $2.05B. "In 2022 Ally continued its strategic evolution while navigating a fluid macroeconomic environment," said CEO Jeffrey Brown. "The optimization across our businesses was evident in our ability to generate record net interest margin and total revenue. We continued to expand our customer base, now 11 million strong, as our customer-centric products continue to resonate in the market…For our teammates we increased minimum wage and granted each employee another 100 shares of Ally stock through our #ownit program further fostering an owner’s mentality across the enterprise…Our heightened focus on investment across the enterprise ensures every dollar is aligned with our long-term priorities while our dynamic underwriting across all asset classes allows us to pivot as needed ensuring we maximize risk-adjusted returns and remain well positioned for a variety of environments. As we progress through 2023, we’re committed to living our name and being an ally for our customers. Our team will be focused on navigating this challenging and dynamic near-term operating environment while ensuring we execute against our long-term strategic priorities creating value for all our stakeholders".