Ally Financial Inc (FRA:GMZ)
€ 37.01 -0.14 (-0.38%) Market Cap: 11.49 Bil Enterprise Value: 22.05 Bil PE Ratio: 16.25 PB Ratio: 1.07 GF Score: 78/100
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Ally Financial Inc at Credit Suisse Financial Services Forum Transcript

Feb 17, 2022 / 03:30PM GMT
Release Date Price: €44.2 (+0.91%)
Moshe Ari Orenbuch;dit Suisse AG
CrÃ;Research Division - MD and Equity Research Analyst

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Okay. Great. Welcome, everybody. And as I mentioned in earlier presentations, we're really glad to be back here in person and extremely glad to have the management of Ally Financial with us. Ally is a leading auto finance company. I think what's been most interesting to me is while the company now targets a return on tangible equity of 16% to 18%, which is higher than the company had been earning pre-pandemic, but what really has resonated with me is this idea that they've been able to do -- achieve strong growth at really good risk-adjusted margins. And I think has also, as we came out of the pandemic, showed very good discipline on expenses. So we're here with Jenn LaClair, the CFO. She has joined Ally in 2017. Before that, was at PNC for 10 years and had done other stints in consulting and other things. But Jenn, we're really glad, like I said, to be here in person, and we'll just jump into fireside chat.

So as I mentioned, Ally is now significantly more profitable than it was

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