NEW YORK (TheStreet) -- Shares of Ally Financial (ALLY) - Get Report  were retreating on heavy trading volume late-morning Wednesday as the company posted lower-than-expected earnings for the 2016 third quarter before today's market open.

Ally reported adjusted earnings of 56 cents per share, below analysts' estimated 59 cents per share. 

Revenue for the quarter was $1.38 billion, exceeding Wall Street's projected $1.37 billion. 

For the year-ago period, the Detroit-based bank earned an adjusted 51 cents per share on revenue of $1.30 billion.

Ally has been struggling since the 2008 financial crisis when it was bailed out by the U.S. government, according to the Wall Street Journal. The company is one of the nation's biggest auto lenders.

The company's auto originations were $9.3 billion during the 2016 third quarter, down from $11.1 billion in the same period last year. Origination measures the number of consumers who applied for a loan.

Ally said the decline stemmed from its focus on improved risk-adjusted returns. 

More than 4.96 million of the company's shares changed hands so far today vs. its average 30-day volume of 3.30 million shares per day.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

The team rates Ally Financial as a Sell with a ratings score of D-. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: ALLY

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