- Net income of $423 million, $0.74 per diluted common share, adjusted EPS of $0.53 - Core pre-tax income of $467 million - Net financing revenue, excluding OID, improved 17 percent year-over-year
- Consumer auto originations of $11.8 billion in the quarter - Auto Finance earning assets increased 7 percent, net financing revenue up 6 percent year-over-year - Ally Bank named 'Best Online Bank' for 4th straight year - MONEY® Magazine 2011-2014 - Recognized as 'Best Online Bank' by Kiplinger's Personal Finance NEW YORK , Oct.
Shares of Ally Financial Inc. (ALLY) rose 3.7% in premarket trade Friday, after the lender announced late Thursday that the Treasury Department launched an offering to sell its remaining shares in Ally.
By Julie Steinberg
Auto-financing company is last to exit 2008 bailout program
The Treasury Department has sold its remaining stake in Ally Financial Inc., the U.S. government's last major Troubled Asset Relief Program investment.
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