Ally Q4 net income takes 27% hit as tax expense dents profits

Ally Financial's fourth-quarter net income took a hit as the lender absorbed a multimillion-dollar tax expense prompted by late-year changes to the U.S. tax code. Overall, Ally expects to boost its bottom line with tax-related savings in 2018.

from Automotive News Breaking News Feed http://ift.tt/2DOtv0A