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Auto finance company Ally Financial said Tuesday its net income nearly doubled in the second quarter, and its stock rose in morning trading.

The Detroit-based company said its net income grew to $360 million, or 71 cents per share. Excluding one-time costs and gains Ally said it earned 54 cents per share. Its revenue grew to $1.36 billion.

Analysts expected net income of 52 cents per share and $1.33 billion in revenue, according to Zacks Investment Research.

Ally Financial stock gained 19 cents to $17.82 in morning trading. The stock is down about 4 percent in 2016 and has fallen 18 percent over the last 12 months.

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