Ally Financial (ALLY) CEO, Jeffrey Brown on Q3 2020 Results - Earnings Call Transcript

Ally Financial Inc. (NYSE:ALLY) Q3 2020 Earnings Conference Call October 16, 2020 9:00 AM ET

Company Participants

Jeffrey Brown - Chief Executive Officer
Jennifer LaClair - Chief Financial Officer
Daniel Eller - Investor Relations

Conference Call Participants

Ryan Nash - Goldman Sachs
Sanjay Sakhrani - KBW
Rob Wildhack - Autonomous Research
Betsy Graseck - Morgan Stanley
Moshe Orenbuch - Credit Suisse
Bill Carcache - Wolfe Research

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Ally Financial third quarter 2020 earnings call.

At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. To ask a question during the session, you will need to press star, one on your telephone. As a reminder, today’s call is being recorded. If you require any further assistance, please press star, zero.

I would now like to turn today’s conference call to Mr. Daniel Eller, Investor Relations. You may begin, sir.

Daniel Eller

Thank you Kevin. We appreciate everyone joining us to review Ally Financial’s third quarter 2020 results. This morning, we have our CEO, Jeff Brown, and our CFO, Jen LaClair on the call to review results and take questions.

Before beginning, I’ll note that the presentation we’ll reference throughout the call can be found on the Ally Investor Relations website.

On Slide 2, you’ll find the forward-looking statements and risk factor language that will cover today’s call, and on Slide 3 we’ve included several GAAP or non-GAAP metrics, which we refer to as core measures, pertaining to Ally’s operating performance and capital results. These metrics are supplemental to and not a substitute for GAAP measures. Definitions and reconciliations can be found in the appendix.

With that, I’ll turn the call over to JB.

Jeffrey Brown

Thank you