Ally Q3 earnings: net income up 20% despite weak auto finance quarter

This post was originally published on Autonews

Ally Financial’s net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally’s Q3 2024 earnings were hindered by a more than 50 percent decline in its auto finance pretax income.