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Ally Financial (STU:GMZ) Allowance For Loans And Lease Losses : €-3,266 Mil (As of Mar. 2024)


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What is Ally Financial Allowance For Loans And Lease Losses?

Ally Financial's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was €-3,266 Mil.

Ally Financial's quarterly Allowance For Loans And Lease Losses increased from Sep. 2023 (€-3,595 Mil) to Dec. 2023 (€-3,289 Mil) and increased from Dec. 2023 (€-3,289 Mil) to Mar. 2024 (€-3,266 Mil).

Ally Financial's annual Allowance For Loans And Lease Losses declined from Dec. 2021 (€-2,891 Mil) to Dec. 2022 (€-3,503 Mil) but then increased from Dec. 2022 (€-3,503 Mil) to Dec. 2023 (€-3,289 Mil).

Ally Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for Ally Financial's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ally Financial Allowance For Loans And Lease Losses Chart

Ally Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Allowance For Loans And Lease Losses
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,136.70 -2,698.63 -2,891.30 -3,503.18 -3,289.28

Ally Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Allowance For Loans And Lease Losses Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3,503.43 -3,489.86 -3,595.27 -3,289.28 -3,266.00

Ally Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Ally Financial Allowance For Loans And Lease Losses Related Terms

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Ally Financial (STU:GMZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ally Financial Inc (STU:GMZ) » Definitions » Allowance For Loans And Lease Losses
Comparable Companies
SOFI OBDC CACC FCFS OMF WU NNI SLM SYF QFIN V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
ALLY:USA ALLY1:Mexico GMZ:Germany
Address
500 Woodward Avenue, Floor 10, Ally Detroit Center, Detroit, MI, USA, 48226
Website
https://www.ally.com
Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, personal loans, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.