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 Inc. (NYSE: ALLY) has announced the date for its 2022 annual meeting of stockholders, scheduled for May 3, 2022. Further details will be included in the company's proxy statement. Ally Financial is a digital financial services provider, offering auto finance, banking, corporate finance, brokerage, and investment advisory services, all underscored by its commitment to customer satisfaction.
On October 6, 2021, Ally Financial declared a quarterly cash dividend of $0.25 per share for its common stock, payable on November 15, 2021, to shareholders of record by November 1, 2021. The company also announced dividends for its Series B and Series C preferred stock, with approximately $15.9 million ($11.75/share) and $11.8 million ($11.75/share) respectively, payable on the same date to shareholders of record by October 31, 2021.
Ally Financial Inc. (NYSE: ALLY) has announced that it will release its third quarter 2021 financial results on October 21, 2021, at 7:30 a.m. ET. The release will be available through PR Newswire and on the Ally Press Room website. A conference call to discuss the results will follow at 9 a.m. ET, featuring a review and a Q&A session. Replay access will be available after the call until October 28, 2021. Ally is a digital financial services company known for its auto finance and insurance operations, as well as being an award-winning digital bank.
Ally's Moguls in the Making competition, held from Sept. 16-19, 2021, recognized student teams from HBCUs for their business plan innovations. North Carolina A&T State University won first place, earning $20,000 scholarships for each of its five members. Howard University and Florida A&M University took second and third places, respectively, receiving $10,000 and $5,000 scholarships. All participants were awarded $1,000 scholarships. The event highlights Ally's commitment to fostering economic mobility and workforce diversity within communities of color.
Ally Financial Inc. (NYSE: ALLY) announced the redemption of its 7,650,000 units of 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, along with 229,500 units of Common Securities and 7,879,500 units of Junior Subordinated Debentures held by GMAC Capital Trust I. All securities will be redeemed at a par price of $25.00, with accrued interest payable through the redemption date of October 15, 2021. The move aims to streamline the capital structure and improve financial flexibility.
Ally Financial Inc. (NYSE: ALLY) is set to increase its minimum hourly wage from $17 to $20, effective Sept. 13, 2021, impacting over 2,300 employees. This initiative aims to strengthen workplace culture and provide financial stability. In addition, the company will award eligible employees Ally stock annually through the #OwnIt Annual Grant Program, with grants expected in January based on financial performance. Ally is also committing to hire over 1,000 roles, dedicating $50,000 to promote diversity in technology hiring.
Ally Financial Inc. (NYSE: ALLY) announced that CFO Jenn LaClair will present at the 19th Annual Barclays Global Financial Services Virtual Conference on September 13, 2021, from 9:00 - 9:40 a.m. ET. A live video webcast will be accessible on Ally's Investor Relations website, with a replay available afterward. Ally Financial is a digital financial services company engaged in auto finance, digital banking through Ally Bank, corporate finance, and investment advisory services. For more details, visit www.ally.com.
Ally Financial has launched Fintropolis, an educational initiative in Minecraft, created by HBCU interns to teach middle schoolers about financial literacy. Launched on August 2, 2021, Fintropolis addresses declining financial literacy rates, with less than a third of adults aged 18-54 able to answer basic finance questions. The interns conducted research to ensure the game's engaging format would resonate with students. Fintropolis covers topics like budgeting, investing, and credit management, and is available for free to Minecraft users, furthering Ally's commitment to educational outreach.
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