NEW YORK (TheStreet) -- Shares of Ally Financial (ALLY) - Get Report are higher by 3.62% to $22.33 in mid-morning trading on Tuesday, after the financial services company reported better than expected earnings results for the 2015 second quarter.
For the most recent quarter the company posted adjusted earnings of 46 cents per share on $927 million in net financing revenue.
Analysts polled by Thomson Reuters had forecast for earnings of 45 cents per share on revenue of $1.2 billion for the most recent quarter.
When compared to the same period in 2014, Ally Financial's earnings results increased from 42 cents per shares on an 8% rise in net financing revenue.
"In the second quarter, Ally made notable and continued progress in its efforts to diversify and expand its business, while also driving shareholder value" company CEO Jeffrey Brown said in a statement.
Separately, TheStreet Ratings team rates ALLY FINANCIAL INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALLY FINANCIAL INC (ALLY) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk, weak operating cash flow and feeble growth in its earnings per share."
You can view the full analysis from the report here: ALLY Ratings Report