Ally Financial Inc (STU:GMZ)
€ 37.245 -0.085 (-0.23%) Market Cap: 11.54 Bil Enterprise Value: 22.90 Bil PE Ratio: 15.99 PB Ratio: 0.98 GF Score: 72/100

Ally Financial Inc at Goldman Sachs US Financial Services Conference Transcript

Dec 07, 2021 / 04:20PM GMT
Release Date Price: €41.8 (+1.46%)
Ryan Matthew Nash
Goldman Sachs Group, Inc., Research Division - MD

All right. Up next, we are excited to have Ally Financial joining us once again this year. Ally, I think, indisputably managed to have the best financial performance of any company in my bank and consumer finance base over the last 2 years, with the returns north of 20%.

Its business benefited from its moat around retail, auto lending and insurance as the industry's largest players, expanding margins as it demonstrated pricing power as well as environmental factors, such as higher used car prices, which obviously helped a handful of things. However, the market continues to under appreciate both the diversity of its business and the growth potential that lies ahead in its consumer direct bank.

So here to tell us more about what lies ahead is CEO, Jeff Brown. Today's presentation is going to be fireside chat. Also joining us in the audience is CFO, Jenn LaClair.

Questions & Answers

Ryan Matthew Nash
Goldman Sachs Group, Inc., Research Division - MD

So J.B., maybe

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