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.
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.
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.
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.
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.
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.
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.
Ally Financial Inc. (NYSE: ALLY) CEO Jeffrey J. Brown will speak at the Goldman Sachs US Financial Services Conference on December 6, 2022, at 10 a.m. ET. A live audio webcast of the event will be accessible on Ally's Investor Relations website, and a replay will also be available. Ally Financial is a digital financial services company providing a range of services including auto finance, insurance, and a fully digital bank. For more details, visit Ally's website.
Relevent Sports Group (RSG) has announced the winners of the Women's International Champions Cup Best XI Presented by Ally, recognizing key figures advancing women's soccer. The 2022 honorees include Asisat Oshoala, Linda Caicedo, coach Sarina Wiegman, journalists Jeff Kassouf and Anna Kessel, executives Cindy Parlow Cone and Andrea Brimmer, club founders Kara Nortman and Angie Long, and activists Asma Mirzae and Fran Hilton Smith. RSG continues to promote women's soccer through recognition and support, in partnership with Ally, committed to leveling the playing field.
Ally Financial Inc. (NYSE: ALLY) has announced its 2023 annual meeting of stockholders will take place on May 3, 2023. Further information will be disclosed in the company’s proxy statement. Ally Financial is a digital financial services company that focuses on delivering quality financial solutions to its consumers and businesses, including auto finance, banking, and investment services. For more details on Ally's offerings, visit www.ally.com.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of 'a-' (Excellent) for Ally Insurance Group, including its members Motors Insurance Corporation and Ally International Insurance Company Ltd. The ratings indicate strong balance sheet strength and adequate operating performance. Despite challenges in premium writings due to macroeconomic conditions, Ally Insurance maintains a stable outlook and a strong capital position. However, the ratings are affected by the lower ratings of its parent, Ally Financial Inc. (NYSE: ALLY).
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