Slate Path Capital: Returns, Ethan Binder, Stephen Cook, Jamie McNab

2. Ally Financial Inc (NYSE:ALLY)

Slate Path Capital also increased its position in Ally Financial Inc (NYSE:ALLY) by 1% over the quarter to 10.58 million shares worth $221.12 million held at the end of June. The rally registered across the majority of the financial sector didn’t not bypass Ally Financial Inc (NYSE:ALLY), whose stock has surged by more than 20% since the beginning of the year. For the second quarter, Ally Financial Inc (NYSE:ALLY) posted EPS of $0.58 and revenue of $1.46 billion, which topped the consensus estimates by $0.06 and $50 million, respectively. In August, Ally Financial Inc (NYSE:ALLY)’s bank, Ally Bank, won the release from extra-tight capital, liquidity and business plan commitments made as part of its application to become a member of the Federal Reserve System. The loosening of requirements allows Ally Bank to pay Ally Financial Inc (NYSE:ALLY) a dividend of $2.9 billion. During the second quarter, the number of funds tracked by us long Ally Financial Inc (NYSE:ALLY) declined by six to 44.