Ally Books a Solid Third Quarter Despite Higher Loss Provisions

On Wednesday, Ally Financial (NYSE: ALLY) presented to shareholders another quarter characterized by robust loan originations and a swiftly rising deposit base. The financial services and banking concern also implemented changes in its brokerage subsidiary that fell in line with competitors who recently slashed brokerage commissions drastically. As we walk through third-quarter 2019 highlights below, note that all comparative numbers are presented against those of the prior-year quarter.

Data source: Ally Financial. 

Image source: Getty Images.

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Source Fool.com