Ally Financial on Wednesday reported a third-quarter profit of $269 million, its third consecutive quarter in the black, driven by strong results in both its mortgage banking, and automotive finance units.

A year earlier, Ally, formerly known as GMAC Financial, lost $767 million.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.