Ally Financial (ALLY) announces balance sheet repositioning

Ally Financial (NYSE: ALLY) disclosed:

On March 3, 2025, Ally Financial Inc. (“Ally”) executed a balance sheet repositioning of a portion of its available-for-sale investment securities portfolio by selling lower-yielding securities with an amortized cost of approximately $2.8 billion for proceeds of approximately $2.5 billion, resulting in a pre-tax loss of approximately $250 million in the first quarter of 2025. Ally reinvested the proceeds into shorter duration highly liquid securities at current market rates. Ally expects the repositioning to reduce its CET1 ratio by approximately 12 basis points and modestly increase net interest income and net interest margin going forward.

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