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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.

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Create & Cultivate, in partnership with Ally, has released the 2023 Create & Cultivate 100 list, recognizing 100 female innovators and entrepreneurs across various sectors, including Arts, Health, Finance, and more. This year’s honorees include notable figures such as Hailey Bieber, Quinta Brunson, and Scarlett Johansson. The list aims to inspire women entrepreneurs and showcase the impact of their contributions to business and culture. Ally's involvement highlights its commitment to promoting women in the workplace, aligning with its mission as a leading all-digital bank.

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Ally Financial has announced an expansion into esports with its sponsorship of the Rocket League Championship Series (RLCS) aimed at promoting women esports competitors. The initiative includes the Ally Women's Open, a new women's tournament featuring a $20,000 prize pool for both North America and Europe, to be held in March 2023. This follows Ally's 2022 pledge to achieve equal media spending across men's and women's sports over five years. The sponsorship aims to provide visibility and financial opportunities for female gamers and enhance Ally's engagement within the gaming community.

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Ally Financial Inc. and The Walt Disney Company have launched a groundbreaking initiative to enhance women's sports visibility, committing over 90% of their media investment to women-focused content. This collaboration aims to challenge the traditional media buying approach that often sidelines women's sports. Ally will serve as the official sponsor of key Atlantic Coast Conference (ACC) events, including the ACC Women's Basketball Tournament and Women's Soccer Championship. This initiative seeks to create systemic change in media coverage and investment, promoting gender equity and increasing visibility for female athletes.

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Ally Financial Inc. has announced a multiyear sponsorship deal with NASCAR, becoming the Official Consumer Bank. This partnership expands Ally's presence in the sport, complementing its existing relationship with Hendrick Motorsports. Starting with the 'Ally Pre-Race Tailgate,' Ally will enhance fan experiences through unique events and initiatives focused on inclusivity in racing. Ally will also sponsor the NASCAR Drive for Diversity Awards from 2024, emphasizing its commitment to fostering diversity and engagement, particularly among people of color and LGBTQ+ audiences. Ally has been active in the racing community since 2019, demonstrating a positive impact.

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The 22 Fund, a Los Angeles-based venture fund, announced significant investments from Ally Financial and 4S Bay to support diverse entrepreneurs. Ally committed up to $10 million, while 4S Bay invested $1.5 million. The funding aims to boost clean tech manufacturing jobs in low- and moderate-income communities, particularly focusing on women and BIPOC business leaders. The investments align with the Community Reinvestment Act, which encourages banks to support underserved communities. The 22 Fund emphasizes high returns through investments in diverse firms, which have historically been overlooked.

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On January 27, 2023, Ally Financial (NYSE: ALLY) announced Gary Rome, owner of Gary Rome Hyundai in Holyoke, Massachusetts, as the 2023 TIME Dealer of the Year during the National Automotive Dealers Association Show in Dallas. This prestigious award recognizes exceptional auto dealers committed to community service and innovation. Rome's dealership has seen a 38% increase in electric vehicle sales over the past year, supported by investments in solar energy and EV infrastructure. Ally, the sponsor of the award, will donate $10,000 to a charity chosen by Rome and $5,000 to charities selected by three other finalists, totaling nearly $1 million in contributions over the program's history.

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Ally Financial Inc. (NYSE: ALLY) reported its fourth quarter and full year 2022 financial results, highlighting its robust digital banking and auto financing services. The company serves over 10.5 million customers, reflecting significant engagement. Details of the financial performance, including earnings, revenue, and guidance, are available on the Investor Relations website. Additionally, Ally will conduct a conference call at 9 a.m. ET for further discussion of its results. For more insights, visit their media and investor relations pages.

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On January 18, 2023, Ally Financial declared a quarterly cash dividend of $0.30 per share for common stock, payable on February 15, 2023, to stockholders of record by February 1, 2023. Additionally, dividends were announced for Series B and Series C preferred stock, amounting to $15.9 million or $11.75 per share for Series B, and $11.8 million or $11.75 per share for Series C, payable on the same date for shareholders of record by January 31, 2023.

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Ally Financial Inc. (NYSE: ALLY) will announce its fourth quarter and full year 2022 financial results on January 20, 2023, at approximately 7:30 a.m. ET. A conference call to discuss the results will follow at 9 a.m. ET, available via webcast or dial-in. Interested parties can access the results and participate in the call through Ally's Investor Relations website. This announcement highlights Ally's ongoing commitment to transparency and communication with its investors.

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Ally Financial and the Congressional Black Caucus Foundation launched the Ally Legal and Public Policy Scholars program to support Black students pursuing law and public policy careers. The program includes annual scholarships of $20,000 for four legal scholars over three years and $10,000 for two public policy scholars for one year, totaling a financial commitment of up to $260,000 annually. The scholarship recipients, who demonstrate strong commitment to social justice and community advocacy, will also receive mentorship from Ally professionals to enhance their career development.

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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.

Ally Financial Inc.

NYSE:ALLY

ALLY Rankings

ALLY Stock Data

10.62B
272.21M
10.54%
83.14%
2.98%
Credit Services
State Commercial Banks
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United States of America
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