— Ally Financial Inc. (NYSE: ALLY) reported Q4 2019 earnings of $0.95 per share, vs. $0.93 expected.
— Revenues grew 14% to $1.6 billion, vs. $1.6 billion expected.
— Retail auto application flow was 2.9 million, up 7% year-over-year.
— Consolidated cash and cash equivalents totaled $3.6 billion at quarter-end.
— ALLY shares were up 3% in premarket hours on Wednesday.
The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is
The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with
The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax