Ally Q3 earnings: net income up 20% despite weak auto finance quarter

Ally Q3 earnings: net income up 20% despite weak auto finance quarter

Ally Financial’s net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally’s Q3 2024 earnings were hindered by a more than 50 percent decline in its auto finance pretax income.

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