Ally: Net income way down in Q4; auto applications set record in 2023

Ally: Net income way down in Q4; auto applications set record in 2023

Ally Q4 earnings: Net income fell 73 percent year over year in the fourth quarter to $76 million, though the plunge was driven in part by the company’s pending sale of Ally Lending to Synchrony. Ally 2023 full-year earnings: Auto finance credit applications reached record 13.8 million.

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