WASHINGTON (dpa-AFX) - Ally Financial Inc. (ALLY) reported that it fourth
quarter net income to shareholders declined to $49 million from $251 million,
prior year. Earnings per share was $0.16 compared to $0.83. Core net income to
shareholders declined to $137 million from $327 million, last year. Core net
income per share was $0.45 compared to $1.08. On average, 20 analysts polled by
Thomson Reuters expected the company to report profit per share of $0.45, for
the quarter. Analysts' estimates typically exclude special items.

Fourth quarter adjusted total net revenue was $2.01 billion compared to $2.16
billion, last year. Analysts on average had estimated $2.00 billion in revenue.

Separately, Synchrony (SYF) and Ally Financial Inc. (ALLY) have entered into a
definitive agreement for Synchrony to acquire Ally's point of sale financing
business including $2.2 billion of loan receivables. Through the acquisition,
Synchrony will create a differentiated solution in the industry, simultaneously
offering both revolving credit and installment loans at the point-of-sale in the
home improvement vertical.

Ally expects the sale to increase CET1 ratio by approximately 15 basis points
upon closing and be modestly accretive to tangible book value and earnings per
share in 2024. Synchrony expects the acquisition to be accretive to 2024
earnings per share, excluding the impact of the initial reserve build for credit
losses at acquisition.

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