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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 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.
Ally Financial and NASCAR driver Alex Bowman are enhancing their partnership with Best Friends Animal Society in 2022, aimed at aiding homeless pets across the U.S. Following last year's donation of over $160,000, they will contribute $4,800 to shelters in NASCAR Cup Series race cities. Additionally, Ally will donate $10,000 for each community where Bowman wins a race. The initiative focuses on crucial shelter services, including vaccinations and wellness care, addressing challenges faced by animal shelters.
Ally Financial Inc. (NYSE: ALLY) has announced the continuation of its legal and public policy scholarship program in partnership with the Congressional Black Caucus Foundation (CBCF) to support diverse candidates. This initiative, now in its second year, will provide over $250,000 in scholarships, including six scholarships for Black students pursuing legal and public policy careers. The program offers up to $20,000 per year for law students and $10,000 for undergraduates, along with mentorship opportunities to enhance career development. The scholarship application is open until April 30, 2022.
On February 10, 2022, University Growth Fund (UGF) announced the closure of its oversubscribed fund, raising over $50 million, with Ally Financial as the lead investor. This initiative aims to improve diversity in venture capital, particularly for Black students in Atlanta, which hosts 26,000 college students of color. Ally has committed a total of $25 million to UGF. The fund targets hands-on experience for students from HBCUs, reflecting Ally's commitment to enhancing inclusivity in high-paying career fields.
Ally Financial Inc. (NYSE: ALLY) will be represented by CFO Jenn LaClair at the Credit Suisse 23rd Annual Financial Services Forum on February 17, 2022, from 10:30 to 11:10 a.m. ET. A live video webcast of the event will be available on Ally's Investor Relations website, along with a replay post-event. Ally Financial is a leading digital financial services provider offering auto finance, banking, and investment advisory services, dedicated to delivering exceptional value and helping customers manage their finances effectively.
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