Ally Financial stock falls after it sees ‘tightened underwriting’ impacting retail auto loans and misses its Q1 earnings mark

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Ally Financial Inc. stock fell 3.5% in premarket trades after the auto and home lender said it expects 2023 retail auto originations to be on the lower end...

Ally Financial Inc.

stock fell 3.5% in premarket trades after the auto and home lender said it expects 2023 retail auto originations to be on the lower end of its estimated low-$40 billion range because of “tightened underwriting.” It also missed its first-quarter adjusted earnings target. Changes to its expected funding mix and lower retail auto loan originations will “put near-tern net interest margin under pressure,” the company said. Ally said it expects 2023 net interest margin of about 3.

stock fell 3.5% in premarket trades after the auto and home lender said it expects 2023 retail auto originations to be on the lower end of its estimated low-$40 billion range because of “tightened underwriting.” It also missed its first-quarter adjusted earnings target. Changes to its expected funding mix and lower retail auto loan originations will “put near-tern net interest margin under pressure,” the company said. Ally said it expects 2023 net interest margin of about 3.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes