Reuters logo
BRIEF-Ally financial says provides summary of 2017 mid-cycle stress test results
October 5, 2017 / 9:08 PM / 18 days ago

BRIEF-Ally financial says provides summary of 2017 mid-cycle stress test results

Oct 5 (Reuters) - Ally Financial Inc

* Ally Financial Inc says is providing summary of 2017 mid-cycle stress test results under the severely adverse scenario - SEC filing

* Ally Financial says in severely adverse scenario, co’s stress results show about $2.9 billion pre-tax net loss over nine-quarter planning horizon‍​

* Ally Financial-projected credit losses total $4.6 billion for total loan portfolio over 9-quarter planning horizon as per stress test results

* Ally Financial - stress test results were submitted to Fed on Oct 5 & cover 9-quarter planning horizon starting Q3 2017 & continuing through Q3 2019‍​ Source text: (bit.ly/2gdnLn5) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below