Zacks Investment Research on MSN10d
ALLY to Incur Loss in Q1 on Balance Sheet Repositioning to Boost NIIAlly Financial ALLY has announced a balance sheet repositioning initiative aimed at supporting net interest income (NII) and ...
As such, the company will incur a pre-tax loss of $250 million in the ongoing quarter. Ally Financial reinvested the proceeds into shorter-duration, highly liquid securities at current market rates.
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