Ally Q2 2021 Earnings Report
Key Takeaways
Ally Financial reported a robust second quarter performance with record revenue and income, driven by strong performance in Auto Finance and Ally Bank franchises. The company eliminated overdraft fees, enhanced retirement benefits, and contributed $50 million to the Ally Charitable Foundation.
Consumer auto originations reached $12.9 billion from 3.5 million decisioned applications.
Retail deposits increased by 12% year-over-year to $129.2 billion.
Ally Home direct-to-consumer mortgage originations rose by 81% year-over-year to $2.2 billion.
The board of directors approved a 3Q21 common dividend of $0.25 per share, up 32% QoQ, and increased the 2021 share buyback program by 25% to $2.0 billion.
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Ally Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income