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 Lending, a subsidiary of Ally Financial (NYSE: ALLY), announced its expansion of patient financing options to all 96 locations of Milan Laser Hair Removal in the U.S., building on their January partnership. This growth reflects the booming billion-dollar hair treatment industry. Ally Lending's digital platform will allow patients to finance their treatments affordably, ultimately enhancing patient access to essential services. As of September 30, 2020, Ally Financial reported assets worth $185.3 billion, indicating its strong market position.
Ally Financial is addressing declining financial literacy in America, particularly among young people, by implementing gamification strategies. Recent studies show only 33% of Americans can answer basic financial questions, a drop from 42% in the past decade. Ally's initiative includes interactive educational programs integrated into popular video games like Nintendo's 'Animal Crossing.' This approach aims to make finance engaging and accessible, targeting Gen Z and Millennials. Research indicates that gamified learning significantly enhances knowledge retention and confidence in financial matters.
Ally and TIME have nominated 40 auto dealers for the prestigious TIME Dealer of the Year Award, recognizing their leadership amid challenges. Selected from nearly 17,000 dealers, these nominees have shown exceptional business skills and community support, particularly during COVID-19.
The award ceremony will occur virtually during NADA Show from Feb. 9-11, 2021. Ally, in its 10th year as the exclusive sponsor, will donate $1,000 to charities of each nominee's choice, with additional funds for finalists and the national winner.
Ally Financial Inc. (NYSE: ALLY) will have President Diane Morais present virtually at the BancAnalysts Association of Boston Conference on November 5, 2020, from 2:40 to 3:20 p.m. ET. A live video webcast will be available on Ally's Investor Relations website.
As of September 30, 2020, Ally Financial holds $185.3 billion in assets, focusing on customer service and innovative financial solutions.
For more details, visit Ally Investor Relations.
Ally Financial Inc. (NYSE: ALLY) announced its third-quarter 2020 financial results, reporting $185.3 billion in assets as of September 30, 2020. The company will host a conference call at 9:00 a.m. ET on October 16, 2020, to review the performance and answer questions. The presentation and financial supplement will be made available at 7:30 a.m. ET the same day. Ally offers a wide array of financial services, including automotive financing, mortgage lending, and banking products through its award-winning online bank, Ally Bank.
Ally Financial Inc. (NYSE: ALLY) has announced its 2021 annual meeting of stockholders will take place on Tuesday, May 4, 2021. Further details will be available in the company's proxy statement. As of June 30, 2020, Ally reported $184.1 billion in assets, emphasizing its position as a leading digital financial services provider. The company focuses on delivering innovative solutions and excellent customer service, operating one of the largest full-service automotive finance operations in the U.S.
Ally Financial, in partnership with TMCF and the Sean Anderson Foundation, is hosting the Moguls in the Making virtual pitch competition from October 8-11, 2020. This program engages 50 students from 10 HBCUs, enabling them to develop business plans addressing current economic and social challenges. The competition showcases diverse ideas and awards scholarships and internships to winners. Ally emphasizes the importance of HBCUs in fostering Black leadership, as they significantly contribute to the professional fields of Black judges, lawyers, and doctors.
On October 7, 2020, Ally Financial Inc. (NYSE: ALLY) announced a quarterly cash dividend of $0.19 per share, payable on November 13, 2020, to shareholders on record as of October 30, 2020. As of June 30, 2020, the company reported assets totaling $184.1 billion. Ally Financial is recognized as a leading digital financial services provider, delivering innovative solutions in automotive finance, banking, and investment services.
Ally Financial will continue its full-season primary sponsorship of the No. 48 Chevrolet Camaro ZL1 1LE driven by Alex Bowman in the 2021 NASCAR Cup Series. Bowman, enjoying a career-best year with multiple top 10 rankings, will be paired with crew chief Greg Ives, who has a successful record with the team. Ally has been the primary sponsor for two years and is committed to expanding NASCAR's reach. The partnership is expected to enhance team performance as Bowman transitions from the No. 88 entry, with the season concluding on November 8, 2020.
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?
