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Ally Financial Inc. - ALLY STOCK NEWS

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.

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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.

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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.

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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.

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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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Ally Financial Inc. (NYSE: ALLY) will present at the 2nd Annual Bernstein Operational Decisions Virtual Conference on November 3, 2021, from 9:00 to 9:50 a.m. ET. President of Consumer and Commercial Banking, Di Morais, will lead the presentation. A live video webcast will be available on the company's Investor Relations website on that day, with a replay accessible thereafter. Ally Financial is dedicated to providing comprehensive digital financial services, including banking, auto finance, and investment advisory.

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Ally Financial Inc. (NYSE: ALLY) reported its third quarter 2021 results, highlighting key financial metrics alongside the announcement of a $750 million cash acquisition of Fair Square Financial. This strategic move aims to enhance Ally's offerings in the financial services sector. The company reiterated its commitment to delivering value to customers through its diversified digital financial services platform. For detailed insights, a conference call is scheduled to discuss performance and the acquisition.

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On October 18, 2021, Ally launched its largest campaign to date, titled "We're All Better Off with an Ally," designed to emphasize the importance of support in various life moments. The campaign features over 700 out-of-home units across nine cities, supported by over one billion media impressions. Key initiatives include partnerships with WarnerMedia for diverse creators and a presence in NASCAR. The campaign aims to resonate with consumers by highlighting real-life connections and financial management, inspired by customer feedback during the pandemic.

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AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) for Ally Insurance Group members, including Motors Insurance Corporation and Ally International Insurance Company Ltd. The outlook for these ratings is stable. The ratings reflect Ally Insurance's strong balance sheet and adequate operating performance. The group generated capital through operating earnings, but faced challenges, including lower commercial premium writings due to reduced dealer vehicle inventory amid economic conditions.

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FAQ

What is the current stock price of Ally Financial (ALLY)?

The current stock price of Ally Financial (ALLY) is $34.86 as of December 20, 2024.

What is the market cap of Ally Financial (ALLY)?

The market cap of Ally Financial (ALLY) is approximately 10.6B.

What does Ally Financial Inc. do?

Ally Financial Inc. offers a range of financial services, including online banking through Ally Bank, auto financing, insurance, wealth management, and corporate finance solutions.

When was Ally Financial founded?

Ally Financial was originally established in 1919 and rebranded in 2009 to focus on innovative financial solutions and a strong customer-centric approach.

What is Ally Financial's relationship with the auto industry?

Ally Financial is a leader in auto finance, offering one of the largest full-service auto finance operations in the U.S. and a robust auto-focused insurance business.

Has Ally Financial made any recent acquisitions?

Yes, Synchrony recently acquired Ally Lending, enhancing its capabilities in home improvement and health financing.

What are some of Ally Financial's recent achievements?

Ally Financial has entered new national media agreements, expanded its sponsorship in women's sports, and maintained a diversified loan portfolio.

How does Ally Financial support its customers?

Ally Financial focuses on innovative, digital solutions to meet diverse financial needs, providing a seamless experience through its award-winning online bank and comprehensive financial products.

What commitment does Ally Financial have towards diversity?

Ally Financial extends equal employment opportunities regardless of age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity, pregnancy status, and marital status.

How does Ally Financial approach corporate responsibility?

Ally Financial is committed to 'Doing It Right' by prioritizing customer satisfaction, technological advancements, and supporting community growth through inclusive financial solutions.

When did Ally Financial become an independent publicly traded firm?

Ally Financial became an independent publicly traded firm in 2014.

What is the significance of Ally Financial's recent partnerships?

Ally's recent partnerships, such as with the WNBA and Las Vegas Aces, highlight its dedication to media equity and support for women's sports, enhancing its brand presence and community engagement.

Ally Financial Inc.

NYSE:ALLY

ALLY Rankings

ALLY Stock Data

10.62B
272.21M
10.54%
83.14%
2.98%
Credit Services
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