Profitability

• Ally Financial swung to profitability in Q1 2026, reporting net income of $319 million and diluted EPS of $0.93, reversing a $225 million loss and $0.82 loss per share from the prior year. • Total net revenue climbed to $2.102 billion from $1.541 billion year-over-year, driven by higher net financing revenue of $1.589 billion and significantly smaller investment losses. • Noninterest expenses fell sharply to $1.235 billion from $1.634 billion, demonstrating improved cost management and operational efficiency despite modest credit cost increases.

• Krutrim successfully pivoted to AI cloud services, achieving profitability and igniting a rally in India's tech sector as of May 5, 2026. • The shift validates India's domestic AI infrastructure development, positively impacting stocks like TCS, Infosys, and RIL. • This milestone signals a growth runway for Indian IT giants, reshaping competition against global players.