Ally Financial

Q2 FY2026 EarningsQ2 FY26 net revenue hit $2.29B, up 9.80% YoY, driven by higher average earning assets and lower deposit costs. Net income reached $410M (+16.48% YoY) with diluted EPS at $1.18. Automotive Finance remained the core engine, contributing $1.42B in revenue despite a 12.00% drop in pre-tax income due to higher provision expenses. Credit quality showed seasonal improvement as consumer automotive delinquencies (30+ days) fell to $4.3B. The company executed a capital structure optimization by issuing $1B in Series D Preferred Stock to redeem $1.35B in Series B shares.