Ally Financial Q3 Net Financing Revenue Of $1.5B, Down $186M Y/Y On Higher Funding Costs
Portfolio Pulse from Benzinga Newsdesk
Ally Financial reported a Q3 net financing revenue of $1.5 billion, which is down $186 million year-over-year due to higher funding costs.
October 18, 2023 | 11:31 am
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Ally Financial's Q3 net financing revenue has decreased by $186 million YoY due to higher funding costs.
Ally Financial's Q3 net financing revenue has decreased significantly year-over-year. This is due to higher funding costs, which can negatively impact the company's profitability. This news is likely to have a negative impact on the company's stock price in the short term.
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