Ally Financial Inc. reported its Q3 2024 earnings, surpassing analysts' expectations with an adjusted EPS of $0.95, significantly higher than the estimated $0.53. The company also reported revenue of $2.1 billion, exceeding the forecasted $2.03 billion. Despite these positive results, Ally's shares dropped by 3% in pre-market trading. The company's return on equity increased to 11.0% from 9.9% year over year, and net income rose to $330 million from $269 million. The net interest margin (NIM) ex-OID was 3.25%. However, Ally noted challenges in managing through a unique environment and adjusted its FY24 net interest margin forecast to 3.20% from 3.35% year over year, while raising FY24 net charge-offs. The GAAP EPS was reported at $1.06, up $0.18 year over year, and the pre-tax income was $233 million, an increase of $5 million year over year. Core pre-tax income, however, decreased by $138 million year over year to $188 million. The CET1 ratio was 9.8%, up 20 basis points quarter over quarter.