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) and Calm have partnered to support mental health and financial goals nationwide. Ally is offering over one million free 3-month Calm trials to consumers and one-year premium subscriptions to customers. The collaboration includes financial wellness content on Calm, featuring a conversation with financial wellness expert Kelley Long and Ally's Head of Money Wellness, Jack Howard.
Key findings from Ally's survey reveal that 46% of Americans say financial concerns impact their lives daily or weekly, with Gen Z (52%) and millennials (50%) most affected. Financial stress affects sleep (66%), mental health (65%), and personal relationships (52%). 60% of consumers are 'less than confident' in their financial condition, with over half unable to cover a $500 emergency expense without debt.
Karen Sutton-Ford, dealer principal at Sutton Ford in Matteson, Illinois, has been named the winner of the 2024 Ally Sees Her Award. This prestigious recognition, established by Ally Financial (NYSE: ALLY) and the National Association of Minority Automobile Dealers (NAMAD), honors women of color in the auto retail industry for their achievements and community commitment.
Sutton-Ford's journey in the auto industry began with her parents' dealership in 1989. After gaining experience at IBM and Toyota, she joined Sutton Ford in 2015. Her leadership roles include serving as secretary of NAMAD Next Gen and upcoming vice president. To celebrate her accomplishments, Ally is donating $10,000 to the Seeking Vision, Gaining Success Foundation, supporting HBCU scholarships.
Ally Financial Inc. (NYSE: ALLY) has announced that Chief Financial Officer Russ Hutchinson will present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024, at approximately 8:15 a.m. ET. A live webcast will be available on the company's investor relations website, with a replay option provided.
Ally Financial is a leading financial services company with the largest all-digital bank in the United States and a prominent auto financing business. The company serves about 11 million customers through various online banking services, securities brokerage, and investment advisory services. Ally also offers corporate finance, auto financing, and insurance products.
Ally Financial Inc. (NYSE: ALLY) has launched Money Roots™, a free nationwide financial wellness program focused on money psychology. The program aims to help people understand how their money mindset impacts financial decisions. Key features include:
- Four one-hour virtual workshops led by experts in behavioral finance and financial therapy
- A $100,000 cash prize giveaway for participants sharing their money stories
- A 14-foot-tall 'money tree' installation in NYC
The initiative comes after an Ally Bank survey revealed that 46% of Americans let emotions influence spending, while 36% never seek emotional support for managing finances. Money Roots aims to address financial stress and improve overall financial health across all income levels.
Unrivaled, a new professional women's basketball league, has announced Ally Financial as its first and founding brand partner. Ally, known for its commitment to media equity, will be the league's official retail banking partner. The partnership includes:
- Jersey patch sponsorship for all six teams
- Hospitality and fan engagement activations
- Online/digital content and in-arena signage
- Advanced media spend to ensure game accessibility
Ally's involvement aims to elevate the sport and inspire future women's basketball stars. The league is set to tip off its inaugural season in January 2025. WNBA star and Unrivaled co-founder Breanna Stewart will join Team Ally, alongside other prominent athletes.
Ally Financial Inc. (NYSE: ALLY) has released its second quarter 2024 financial results. The company, known for its all-digital bank and auto financing business, serves approximately 11 million customers with a range of online banking services, securities brokerage, and investment advisory services. Ally also offers corporate finance, auto financing, and insurance products.
The full press release, presentation, and financial supplement are available on Ally's website. A conference call to review the company's performance is scheduled for 9 a.m. ET, featuring a results review and a Q&A session. Interested parties can join via webcast or dial-in, with pre-registration required for the latter.
Ally Financial (NYSE: ALLY) has announced its latest dividend declarations. The board approved a quarterly cash dividend of $0.30 per share on common stock, payable on August 15, 2024, to stockholders of record on August 1, 2024. Additionally, dividends were declared for Series B and Series C preferred stock, both payable on August 15, 2024.
For Series B preferred stock, a payment of approximately $15.9 million, or $11.75 per share, was declared. Similarly, for Series C preferred stock, a payment of about $11.8 million, or $11.75 per share, was announced. Both preferred stock dividends are payable to shareholders of record as of July 31, 2024.
Ally Financial (NYSE: ALLY) announced it will release its second quarter financial results on July 17, 2024, at 7:30 a.m. ET. The results will be accessible on the Ally Press Room website.
A conference call to review the company's performance is scheduled for 9 a.m. ET on the same day. Interested parties can listen via webcast or dial-in after pre-registration. Presentation materials and financial supplements will also be available on the Investor Relations section of Ally's website at the same time.
Ally Financial is a leading digital bank and auto financing business, serving approximately 11 million customers with a wide range of financial services, including banking, investment advisory services, and corporate finance.
Ally Financial's CFO, Russ Hutchinson, will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at 8:45 a.m. ET. A live webcast of the presentation will be available on Ally's Investor Relations website, with a replay accessible afterward. Ally Financial, known for its all-digital banking and auto financing, serves 11 million customers with a range of financial services, including deposits, mortgages, credit cards, and investment advisory services. The company also provides corporate finance, auto financing, and insurance products.
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