Welcome to our dedicated page for Ally Financial news (Ticker: ALLY), a resource for investors and traders seeking the latest updates and insights on Ally Financial stock.
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 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.
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%.
FAQ
What is the current stock price of Ally Financial (ALLY)?
What is the market cap of Ally Financial (ALLY)?
What does Ally Financial Inc. do?
When was Ally Financial founded?
What is Ally Financial's relationship with the auto industry?
Has Ally Financial made any recent acquisitions?
What are some of Ally Financial's recent achievements?
How does Ally Financial support its customers?
What commitment does Ally Financial have towards diversity?
How does Ally Financial approach corporate responsibility?
When did Ally Financial become an independent publicly traded firm?
What is the significance of Ally Financial's recent partnerships?
