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Ally Financial (FRA:GMZ) Credit Losses Provision : €1,875 Mil (As of Mar. 2024)


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What is Ally Financial Credit Losses Provision?

Ally Financial's credit losses provision for the three months ended in Mar. 2024 was €466 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €1,875 Mil.

Ally Financial's quarterly credit losses provision increased from Sep. 2023 (€476 Mil) to Dec. 2023 (€538 Mil) but then declined from Dec. 2023 (€538 Mil) to Mar. 2024 (€466 Mil).

Ally Financial's annual credit losses provision increased from Dec. 2021 (€213 Mil) to Dec. 2022 (€1,321 Mil) and increased from Dec. 2022 (€1,321 Mil) to Dec. 2023 (€1,805 Mil).

Ally Financial Credit Losses Provision Historical Data

The historical data trend for Ally Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ally Financial Credit Losses Provision Chart

Ally Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 898.20 1,182.86 213.29 1,320.66 1,804.66

Ally Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 416.56 394.12 476.00 538.28 466.44

Ally Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,875 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ally Financial (FRA:GMZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ally Financial Inc (FRA:GMZ) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
ALLY:USA ALLY1:Mexico GMZ:Germany
Address
500 Woodward Avenue, Floor 10, Ally Detroit Center, Detroit, MI, USA, 48226
Website
https://www.ally.com
Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, personal loans, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.