UPDATE 2-Ally Financial profit jumps on fewer expected loan losses - Reuters

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UPDATE 2-Ally Financial profit jumps on fewer expected loan losses Reuters (Adds comments from Ally executives). By Peter Rudegeair. NEW YORK Oct 29 (Reuters) - Ally Financial Inc, the second largest U.S. auto lender, posted a third-quarter profit on Wednesday as it set aside less money to cover future car loan defaults. The ...

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