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Ally Financial Inc. - ALLY STOCK NEWS

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.

News

TIME and Ally Financial name 2024 Dealer of the Year

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Rita Case, president, CEO, and dealer principal at Rick Case Honda in Davie, Florida, wins the 55th annual TIME Dealer of the Year award at the 107th NADA Show for her outstanding achievements in the auto industry and community impact. She is the CEO of the Rick Case Auto Group, the largest woman-owned dealership group in the US, and has pioneered innovative sales initiatives and community initiatives such as the Fort Lauderdale International Auto Show and supporting the Boys & Girls Clubs of Broward County. Case was chosen from over 16,000 franchised dealers across the country, exemplifying qualities of relentless determination and community support.
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It's Official: Ally Financial and USGA Ink Multi-Year Deal

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Ally Financial Inc. becomes the presenting partner of the U.S. Women's Open and a founding partner of the U.S. National Development Program. The partnership aims to achieve media spending equity across men's and women's sports. The deal includes a multi-million-dollar corporate partnership, record-setting $12M purse for the 2024 U.S. Women's Open, and the signing of golfer Lilia Vu to Team Ally. The partnership also involves significant investment in the U.S. National Development Program to support the next generation of American golfers.
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Synchrony and Ally Financial Reach Agreement on Sale of Ally's Point-of-Sale Financing Business

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Synchrony (SYF) has entered into a definitive agreement to acquire Ally Financial Inc.'s point of sale financing business, including $2.2 billion of loan receivables. This acquisition expands Synchrony's reach in the home improvement and health and wellness financing industry, offering both revolving credit and installment loans at the point-of-sale. The deal is expected to be accretive to Synchrony's earnings per share in 2024, with an attractive internal rate of return and a three-and-a-half-year tangible book value earnback. Ally Financial expects the sale to increase the company's CET1 ratio and be modestly accretive to tangible book value and earnings per share in 2024.
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Ally Financial reports fourth quarter and full year 2023 financial results

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Ally Financial Inc. (ALLY) has released its fourth quarter and full year 2023 financial results, accessible through their press room and investor relations website. The company's net income for the full year 2023 increased by 14% compared to the previous year, reaching $3.2 billion. However, the net income for the fourth quarter decreased by 5% compared to the same period in the previous year. Ally Financial also announced a dividend of $0.25 per share, reflecting a 25% increase from the previous quarter.
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Ally Financial declares dividend on common stock and Series B and Series C preferred stock

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Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share of common stock, payable on February 15, 2024. Quarterly dividend payments for Series B and Series C preferred stock securities were also declared, with payments of approximately $15.9 million and $11.8 million respectively.
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Doug Timmerman appointed interim CEO of Ally Financial

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Ally Financial Inc. (NYSE: ALLY) announced Douglas Timmerman, president of dealer financial services, as the interim CEO, following the departure of current CEO Jeffrey J. Brown. Timmerman brings 30-plus years of experience at Ally, leading the auto finance and insurance business, deepening relationships with 22,000 dealer customers, and cementing the company's position as the leading prime auto lender.
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Ally Financial schedules release of fourth quarter and full year 2023 financial results

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Ally Financial Inc. (NYSE: ALLY) to Release Q4 and Full Year 2023 Financial Results on January 19, 2024
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Ally Financial to present at the Goldman Sachs US Financial Services Conference

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Ally Financial Inc. (NYSE: ALLY) to Present at Goldman Sachs US Financial Services Conference on December 6, 2023
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'Do It Right' with AI: Ally creators experiment with generative AI in marketing test case

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Ally Financial Inc. (NYSE: ALLY) - Ally.ai AI Capabilities to Boost Team Productivity and Creativity
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HouseCanary Collaborates with Ally to Launch Integrated ComeHome Platform

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Ally Financial Inc. (NYSE: ALLY) collaborates with HouseCanary to integrate ComeHome, a home search portal, into its website, providing resources for customers looking for their first or next home. The platform offers access to various loan types, homeowner dashboard, equity tools, neighborhood sales, and market insights, ensuring informed decisions for homebuyers and homeowners.
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FAQ

What is the current stock price of Ally Financial (ALLY)?

The current stock price of Ally Financial (ALLY) is $34.86 as of December 20, 2024.

What is the market cap of Ally Financial (ALLY)?

The market cap of Ally Financial (ALLY) is approximately 10.6B.

What does Ally Financial Inc. do?

Ally Financial Inc. offers a range of financial services, including online banking through Ally Bank, auto financing, insurance, wealth management, and corporate finance solutions.

When was Ally Financial founded?

Ally Financial was originally established in 1919 and rebranded in 2009 to focus on innovative financial solutions and a strong customer-centric approach.

What is Ally Financial's relationship with the auto industry?

Ally Financial is a leader in auto finance, offering one of the largest full-service auto finance operations in the U.S. and a robust auto-focused insurance business.

Has Ally Financial made any recent acquisitions?

Yes, Synchrony recently acquired Ally Lending, enhancing its capabilities in home improvement and health financing.

What are some of Ally Financial's recent achievements?

Ally Financial has entered new national media agreements, expanded its sponsorship in women's sports, and maintained a diversified loan portfolio.

How does Ally Financial support its customers?

Ally Financial focuses on innovative, digital solutions to meet diverse financial needs, providing a seamless experience through its award-winning online bank and comprehensive financial products.

What commitment does Ally Financial have towards diversity?

Ally Financial extends equal employment opportunities regardless of age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity, pregnancy status, and marital status.

How does Ally Financial approach corporate responsibility?

Ally Financial is committed to 'Doing It Right' by prioritizing customer satisfaction, technological advancements, and supporting community growth through inclusive financial solutions.

When did Ally Financial become an independent publicly traded firm?

Ally Financial became an independent publicly traded firm in 2014.

What is the significance of Ally Financial's recent partnerships?

Ally's recent partnerships, such as with the WNBA and Las Vegas Aces, highlight its dedication to media equity and support for women's sports, enhancing its brand presence and community engagement.

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Ally Financial Inc.

NYSE:ALLY

ALLY Rankings

#822 Ranked by Market Cap
#928 Ranked by Dividends

ALLY Stock Data

10.62B
272.30M
10.54%
83.14%
2.98%
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