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.
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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