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Ally Financial Reports Q4 Profit & Deposit Growth

Tuesday, February 1, 2011 - 7:41 PM
From AP via Bloomberg
Ally Financial Inc. on Tuesday reported a fourth-quarter profit, reversing a big year-ago loss, largely on the turnaround of its mortgage operations.

Results were also reported for Ally Bank:
Deposits grew to $39 billion, including retail deposits of $21.9 billion. In the prior year, deposits stood at $31.1 billion, with $16.9 billion representing retail deposits.

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Ken TuminKen Tumin5,471 posts since
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