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) reported its first quarter 2023 financial results on April 19, 2023. The company provides a comprehensive range of financial services including online banking and auto financing to over 11 million customers. The press release also noted a conference call at 9 a.m. ET to discuss performance details and answer questions. Investors can access the complete financial data and presentations on Ally's Investor Relations website. The firm emphasizes a mission to support customers effectively and sustain growth in the digital banking sector.
The board of directors of Ally Financial (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share on common stock, payable on May 15, 2023, to stockholders of record on May 1, 2023. Additionally, dividends for Series B and Series C preferred stock were also announced, each at approximately $11.75 per share, amounting to $15.9 million and $11.8 million respectively, payable to shareholders of record as of April 30, 2023.
Ally Financial is a financial services company that includes the nation’s largest all-digital bank and a leading auto financing business. The company serves over 11 million customers through various online banking and financial services.
Ally Financial Inc. (NYSE: ALLY) announced a grant to support a collaboration with Envision Charlotte and Bee Downtown to establish a community apiary in Charlotte, N.C. The project, featuring three beehives, aims to promote environmental education and support local bee populations. Located at Envision Charlotte's Innovation Barn, the apiary will host educational events and programming focused on sustainability. The project will be unveiled during Earth Day celebrations from April 17 to April 21, offering activities like local honey tastings. This collaboration exemplifies Ally's commitment to biodiversity and environmental stewardship.
Ally Financial Inc. (NYSE: ALLY) announced the appointment of Russell Hutchinson as its new Chief Financial Officer effective July 3, 2023. Hutchinson joins from Goldman Sachs, where he served as Chief Operating Officer for global mergers and acquisitions. His extensive background includes over 20 years in Goldman’s Investment Banking Division. Bradley Brown, the interim CFO since October 2022, will return to his role as Corporate Treasurer. Hutchinson's familiarity with Ally's culture and key stakeholders is seen as beneficial for the company's future growth.
Ally Financial Inc. (NYSE: ALLY) will release its first quarter financial results on April 19, 2023, at approximately 7:30 a.m. ET. The results will be accessible on the Ally Press Room website. Following the release, Ally will host a conference call at 9 a.m. ET to discuss its performance, available via webcast or dial-in. The presentation and financial supplement will also be posted that morning. Ally Financial is a major player in the digital banking and auto financing sector, serving over 11 million customers with a wide range of financial products.
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