Ally Financial Inc. (ALLY) Barclays 24th Annual Global Financial Services Conference September 15, 2026 9:45 AM EDT
Company Participants
Russell Hutchinson – Chief Financial Officer
Conference Call Participants
Jason Goldberg – Barclays Bank PLC, Research Division
Presentation
Jason Goldberg
Barclays Bank PLC, Research Division
Moving right along, I’m very pleased to have Ally Financial with us. From the company, Russ Hutchinson, Chief Financial Officer, Russ, welcome.
Russell Hutchinson
Chief Financial Officer
Thanks, Jason. Glad to be here.
Question-and-Answer Session
Jason Goldberg
Barclays Bank PLC, Research Division
Maybe the best place to start is just big picture. I think when you were here 2 years ago in the third quarter, Ally put up a 5% ROTCE. Consensus for this quarter, 13%, 14%. Obviously, a big improvement if that proves right, which we’ll get to. Let me talk a bit about kind of what’s gotten you here and speak to kind of what work remains.
Russell Hutchinson
Chief Financial Officer
Great. Thanks, Jason. I’m glad you mentioned the improvement we’ve seen in profitability over the course of the last 2 years. I think it’s really strong evidence that the power of focus, our focused strategy is working. We’re doing 3 things simultaneously. We’re growing our core franchises. We’re increasing our profitability, and we’re managing our risk. And that improvement in terms of our performance is anchored in real improvement in our franchises. We have a customer-obsessed culture, and that’s delivering for us in terms of the traction we get. So if I look at our Dealer Financial Services business, you can see that traction in terms of our application volume. When I look at our Corporate Finance business, it’s in our investment portfolio there. When I look at our deposit business, it’s that strong customer growth that we see year-over-year.
So I’d