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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 become the first official partner of the National Women's Soccer League Players Association (NWSLPA), enhancing its support for women's soccer. Following a substantial collective bargaining agreement, Ally will contribute to the new Support the Players NET fund, matching donations up to $25,000. This funding will assist current and former NWSL players facing financial hardships. Ally's partnership aims to improve professional standards and opportunities for over 250 players, marking a significant step in promoting equality and sustainability in women's soccer.
Ally Financial reported its fourth quarter and full year 2021 financial results, noting a robust performance in the digital banking sector. The results showcase strong growth metrics, including an increase in auto finance operations and consumer lending products. The company aims to enhance shareholder value through strategic initiatives and continued investment in technology. Ally will host a conference call on January 21, 2022, to discuss these results and provide further insights into future growth potential.
Ally Financial Inc. (NYSE: ALLY) has authorized a $2.0 billion share repurchase program, effective until Dec. 31, 2022, following a similar program in 2021. The company will start repurchasing shares in Q1 2022. Additionally, it declared a quarterly cash dividend of $0.30 per share, marking a 20% increase from the last dividend. This dividend is payable on Feb. 15, 2022, to stockholders of record on Feb. 1, 2022. CEO Jeffrey J. Brown emphasized that these actions are part of their strategy to drive long-term value for stakeholders.
Vroom, Inc. (Nasdaq: VRM) has amended its inventory financing agreement with Ally Financial Inc. (NYSE: ALLY), increasing the line of credit from
Ally Financial (NYSE: ALLY) will release its fourth quarter and full year 2021 financial results on January 21, 2022, at 7:30 a.m. ET. The results will be available via PR Newswire and on Ally's Press Room website. A conference call is scheduled for 9 a.m. ET on the same day, featuring a performance review and Q&A session. Interested participants can join via a webcast or dial-in after pre-registration. Archived calls will be accessible from noon ET on January 21 until January 28, 2022.
On December 10, 2021, Andrea Park Zadd of Crestmont Auto Group received the "Ally Sees Her" award at the NAMAD conference, recognizing her commitment to community and diversity in the automotive industry. To honor her achievements, Ally Financial will donate $10,000 to two nonprofits significant to Zadd. The award, established four years ago with NAMAD, highlights influential minority women in the auto sector. Ally's initiatives aim to inspire a more inclusive workforce in the automotive industry, where minority ownership remains low at 5%.
Ally Financial Inc. (NYSE: ALLY) has completed its acquisition of Fair Square Financial, a digital credit card company. This strategic move aims to enhance Ally's consumer product offerings and align with its goal to be a top digital bank. Fair Square, founded in 2016, serves approximately 693,000 cardholders with $816 million in loan balances. The acquisition is expected to drive growth and improve customer experience through Fair Square's transparent credit offerings. Ally's CEO emphasized the importance of this acquisition for future growth.
Ally Financial Inc. (NYSE: ALLY) announces that CEO Jeffrey J. Brown will present at the Goldman Sachs US Financial Services Conference on December 7, 2021, from 11:20 a.m. to 11:55 a.m. ET. A live video webcast of the presentation will be accessible on the company's Investor Relations website. Known for its commitment to doing things right, Ally offers a range of services, including auto finance, digital banking through Ally Bank, and investment advisory services. More information can be found on their official website.
On November 8, 2021, TIME and Ally Financial announced the 47 nominees for the prestigious 2022 TIME Dealer of the Year award. The nominees, selected from over 16,000 franchised dealers, will be honored at the NADA Show on March 11, 2022, in Las Vegas, where the winner will be revealed. This award recognizes exceptional auto dealers who impact their communities positively. Ally will contribute $1,000 to each nominee's charity and additional amounts to finalists and the overall winner's charity. The event underscores Ally's continued commitment to the automotive industry.
Ally Financial (NYSE: ALLY) will have its President of Ally Lending, Hans Zandhuis, present at the Citi 2021 FinTech Virtual Conference on November 16, 2021, from 10:30 - 11:05 a.m. ET. A live video webcast will be available on Ally's Investor Relations website, with a replay offered post-event.
Ally Financial is a digital financial services firm focused on providing various consumer and corporate banking solutions, including auto finance, digital banking, and securities brokerage.
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