Ally Financial Inc. - ALLY STOCK NEWS

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.

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.

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.