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Ally Financial Inc. (NYSE: ALLY) is a prominent digital financial services company and one of the top 25 U.S. financial holding companies. Established in 1919 and rebranded in 2009, Ally has since focused on delivering innovative financial solutions with a strong customer-centric approach. Ally's offerings span across consumer and business financial products, including award-winning online banking services through Ally Bank (Member FDIC), comprehensive auto financing, insurance, wealth management, and corporate finance.
The company is a leader in auto finance, holding one of the largest full-service auto finance operations in the U.S., alongside a robust auto-focused insurance business. Ally also offers a growing wealth management and brokerage platform, providing a wide range of investment services. The corporate finance division supports equity sponsors and middle-market companies with essential capital solutions.
Recent strategic moves include the acquisition of Ally Lending by Synchrony, enhancing its home improvement and health financing capabilities, alongside new national media and sponsorship agreements with the WNBA and Las Vegas Aces, reflecting Ally's commitment to media equity and women's sports.
Financially, Ally maintains a diverse loan portfolio with significant consumer and dealer auto loans, commercial loans, and mortgage debt holdings, positioning itself as a resilient and adaptable financial institution. With more than 11 million customers, Ally continues to prioritize technological advancements and customer satisfaction, striving to 'Do It Right' for its clients and communities alike.
Ally has unveiled a military-themed paint scheme for the No. 48 Ally Chevrolet Camaro, driven by Alex Bowman, to honor Army Specialist Matthew E. Baylis, killed in action in 2007. This initiative is part of NASCAR Salutes, with donations made to the Specialist Baylis Memorial Fund and the USO. The commemorative design features royal blue and red accents, symbolizing remembrance. The event coincides with Memorial Day, marking 15 years since Baylis's passing. Ally's Employee Resource Group played a key role in recognizing Baylis's legacy through this tribute.
Ally Financial has partnered with NASCAR Hall of Fame driver Dale Earnhardt Jr. to enhance fan engagement ahead of the Ally 400, scheduled for June 26, 2022. This collaboration will feature original content, events, and an exclusive paint scheme for the Ally No. 48 Chevrolet Camaro. A weekly segment on Earnhardt's podcast, The Dale Jr. Download, will showcase unique stories, aligning with Ally's mission. Earnhardt expressed his excitement about the partnership, emphasizing its potential to build stronger relationships with fans and customers.
Ally Financial Inc. (NYSE: ALLY) reported its financial results for the first quarter of 2022. The company continues to focus on delivering digital financial services, with operations in auto finance, banking, and investment advisory. Details on earnings and performance metrics will be discussed in a conference call scheduled for April 14, 2022. Stakeholders can access full results through Ally's Investor Relations website and the press release PDF. Ally emphasizes its commitment to customer financial well-being and offers a robust suite of financial products.
On April 13, 2022, Ally Financial declared a quarterly cash dividend of $0.30 per share for common stock, payable on May 16, 2022, to shareholders of record as of May 2, 2022. Additionally, dividends for Series B and C preferred stock were announced, totaling approximately $15.9 million and $11.8 million, respectively, each at $11.75 per share. These payments underscore Ally's commitment to shareholder returns as it maintains a robust dividend policy.
Ally Financial and the Thurgood Marshall College Fund (TMCF) have launched the fourth annual Moguls in the Making competition, opening registration for HBCU students to compete for $185,000 in scholarships and paid internships. The event, scheduled for Sept. 15-18, will feature students presenting business ideas aimed at enhancing economic mobility in Charlotte. Each participant will receive at least a $1,000 scholarship, with top winners earning $20,000, $10,000, and $5,000. Ally has provided $356,000 in scholarships since the program's inception in 2019.
Ally Home, the mortgage lending arm of Ally Bank, has expanded its services to Massachusetts, Vermont, and Virginia, aiming to offer a modern digital mortgage experience nationwide. Currently operating in 46 states and the District of Columbia, Ally plans to complete its rollout by adding services in Hawaii and New Hampshire this spring, followed by Nevada and New York by year-end. Offering no lender fees and rapid pre-approval, Ally Home strives to simplify the mortgage process amid a competitive market, catering to both first-time buyers and seasoned borrowers.
Ally Financial has partnered with UnitedMasters to support independent artists through financial education initiatives as part of the Independent(s) Exchange. This collaboration, launched at SXSW, aims to empower artists and promote financial literacy within the creator economy. With over 1.3 million artists, UnitedMasters creates direct media investment opportunities for brands. Ally's involvement includes participation in events and podcasts, emphasizing its commitment to multicultural communities and long-term financial success for creators.
Ally Financial Inc. (ALLY) will announce its Q1 2022 financial results on April 14, 2022, at 7:30 a.m. ET. The results will be available via PR Newswire and Ally's Press Room website. A conference call is scheduled for the same day at 9 a.m. ET, which will include a review of the financial performance and a Q&A session. Interested participants can join via webcast or dial-in after pre-registering. A replay of the call will be accessible from noon ET on April 14, 2022, until April 21, 2022.
Bob Giles of Giles Automotive in Lafayette, LA, was named the 2022 TIME Dealer of the Year at the NADA Show in Las Vegas on March 11, 2022. The award recognizes exceptional business and community leadership, with Giles noted for his Essential Errand Running Service for vulnerable individuals. He was selected from nearly 16,000 dealers nationwide. As the winner, Giles receives a $10,000 donation to a charity of his choice, supported by Ally Financial, the event’s sponsor. Ally also contributes to the charities of four finalists and all nominees.
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