Ally Financial's Quarterly Profit Tumbles on Higher Provisions [BNN Bloomberg (Canada)]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
Check Earnings Report
US:NYSE Investor Relations:
investorrelations.discover.com
Company Research
Source: BNN Bloomberg
The Detroit-based firm best known for vehicle lending said profit for the first three months fell 56% to $129 million. Ally cited lower net financing revenue, a higher provision for credit losses and higher noninterest expenses. Ally's net interest margin came in at 3.13%. That slightly missed expectations of 3.14%, and was down from 3.51% a year earlier. Ally previously said NIM for the full year is expected to be between 3.25% and 3.3%. Autos sales have been coming out of their pandemic slump as inventories return to more normal levels, but the outlook is clouded by rising new vehicle prices, falling used car prices and interest-rate hikes, according to Bloomberg Intelligence. US consumers have mostly used up their pandemic-era savings, and Ally has sought to remain prudent about extending credit to borrowers with weaker credit amid a record flood of applications. “Dealer financial services continues to demonstrate the benefits of its high-tech, high-touch approach as we deci
Show less
Read more
Impact Snapshot
Event Time:
DFS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DFS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DFS alerts
High impacting Discover Financial Services news events
Weekly update
A roundup of the hottest topics
DFS
News
- Best Savings Rates Today -- Act Now to Earn up to 5.55% APY, May 1, 2024 [CNET News]CNET News
- Best Savings Rates Today -- Don't Wait Until the Fed Makes Its Next Move to Earn High Rates, April 30, 2024 [CNET News]CNET News
- Best Savings Rates Today -- Don't Wait to Maximize Your Interest Earnings, April 29, 2024 [CNET News]CNET News
- Discover Financial Services (NYSE:DFS) Is Paying Out A Dividend Of $0.70 [Yahoo! Finance]Yahoo! Finance
- Best Savings Rates Today, April 26, 2024: Save More With One of These High-Yield Savings Accounts [CNET News]CNET News
DFS
Earnings
- 4/17/24 - Miss
DFS
Sec Filings
- 5/1/24 - Form 10-Q
- 4/26/24 - Form 425
- 4/26/24 - Form 425
- DFS's page on the SEC website