Ally Financial profit more than doubles

Ally Financial Inc. said its profit more than doubled in the first quarter on strength in its core auto-lending business. Ally's auto-finance franchise has driven results in recent quarters, and in its latest period originations in the segment rose 7% from a year earlier. The company's Ally Bank business, meanwhile, posted 12% growth in retail deposits to a total of $50.6 billion as of March 31....(read more)

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