Ally Financial Q4 net income $108 million, EPS $0.26; agrees to sell Credit Card unit
Ally Financial reported fourth-quarter 2024 net income of $108 million, or $0.26 per share, up from $62 million a year earlier, but full-year 2024 net income fell to $668 million, or $1.80 per share, from $957 million, or $2.77, in 2023. The company also said it agreed to sell its Credit Card business, will stop new mortgage loan applications on January 31, and expects a workforce reduction to save over $60 million a year, which shareholders will weigh against the lower annual earnings.
Key points
- Fourth-quarter 2024 net income $108 million, EPS $0.26, versus $62 million and $0.11 in fourth-quarter 2023
- Full-year 2024 net income $668 million, EPS $1.80, versus $957 million and $2.77 in 2023
- Agreement to sell Credit Card business, with a $118 million partial goodwill impairment excluded from adjusted metrics
- Workforce reduction expected to save over $60 million annually, with a $22 million restructuring cost
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.