Ally Income Tax Expense from 2010 to 2024

ALLY Stock  USD 39.37  0.57  1.47%   
Ally Financial Income Tax Expense yearly trend continues to be fairly stable with very little volatility. Income Tax Expense will likely drop to about 58 M in 2024. During the period from 2010 to 2024, Ally Financial Income Tax Expense regression line of annual values had r-squared of  0.04 and arithmetic mean of  402,863,333. View All Fundamentals
 
Income Tax Expense  
First Reported
2000-03-31
Previous Quarter
-13 M
Current Value
14 M
Quarterly Volatility
232.9 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Ally Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ally main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.2 B, Interest Expense of 5.2 B or Selling General Administrative of 4 B, as well as many exotic indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.0428 or PTB Ratio of 0.46. Ally financial statements analysis is a perfect complement when working with Ally Financial Valuation or Volatility modules.
  
This module can also supplement Ally Financial's financial leverage analysis and stock options assessment as well as various Ally Financial Technical models . Check out the analysis of Ally Financial Correlation against competitors.
For more information on how to buy Ally Stock please use our How to Invest in Ally Financial guide.

Latest Ally Financial's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Ally Financial over the last few years. It is Ally Financial's Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ally Financial's overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Pretty Stable
   Income Tax Expense   
       Timeline  

Ally Income Tax Expense Regression Statistics

Arithmetic Mean402,863,333
Geometric Mean296,773,293
Coefficient Of Variation64.22
Mean Deviation214,927,556
Median359,000,000
Standard Deviation258,722,993
Sample Variance66937.6T
Range798M
R-Value(0.21)
Mean Square Error68915.8T
R-Squared0.04
Significance0.45
Slope(12,133,393)
Total Sum of Squares937126.2T

Ally Income Tax Expense History

202458 M
202361 M
2022627 M
2021790 M
2020328 M
2019246 M
2018359 M

About Ally Financial Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Ally Financial income statement, its balance sheet, and the statement of cash flows. Ally Financial investors use historical funamental indicators, such as Ally Financial's Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Ally Financial investors may use each financial statement separately, they are all related. The changes in Ally Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ally Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ally Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ally Financial. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Tax Expense61 M58 M

Pair Trading with Ally Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ally Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ally Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ally Stock

  0.81GS Goldman Sachs Group Financial Report 17th of July 2024 PairCorr
  0.89MS Morgan Stanley Financial Report 16th of July 2024 PairCorr

Moving against Ally Stock

  0.54CPSS Consumer PortfolioPairCorr
  0.44AGMH AGM Group Holdings Report 11th of November 2024 PairCorr
  0.42LGVC LAMF Global Ventures Upward RallyPairCorr
The ability to find closely correlated positions to Ally Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ally Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ally Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ally Financial to buy it.
The correlation of Ally Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ally Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ally Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ally Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ally Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ally Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ally Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ally Financial Stock:
Check out the analysis of Ally Financial Correlation against competitors.
For more information on how to buy Ally Stock please use our How to Invest in Ally Financial guide.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Ally Financial's price analysis, check to measure Ally Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ally Financial is operating at the current time. Most of Ally Financial's value examination focuses on studying past and present price action to predict the probability of Ally Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ally Financial's price. Additionally, you may evaluate how the addition of Ally Financial to your portfolios can decrease your overall portfolio volatility.
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Is Ally Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ally Financial. If investors know Ally will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ally Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.56)
Dividend Share
1.2
Earnings Share
2.45
Revenue Per Share
22.683
Quarterly Revenue Growth
(0.10)
The market value of Ally Financial is measured differently than its book value, which is the value of Ally that is recorded on the company's balance sheet. Investors also form their own opinion of Ally Financial's value that differs from its market value or its book value, called intrinsic value, which is Ally Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ally Financial's market value can be influenced by many factors that don't directly affect Ally Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ally Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ally Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ally Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.