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.
On October 19, 2022, Ally Financial (NYSE: ALLY) reported its third quarter financial results, showcasing substantial growth in key metrics. The digital financial services company highlighted strong performance in its auto finance and insurance operations, alongside robust results from Ally Bank. The release emphasized a focus on consumer satisfaction, reinforcing Ally's commitment to delivering value across its diverse banking and investment services. The earnings call is scheduled for 9 a.m. ET, providing an opportunity for stakeholders to hear about the company’s outlook and performance directly.
Ally Financial Inc. (NYSE: ALLY) has announced new and renewed partnerships with the Detroit Pistons and the Charlotte Hornets ahead of the 2022-2023 basketball season. This move aims to strengthen community engagement in both cities. The Pistons partnership includes community programs and initiatives like the She-13 Women's Empowerment Platform. In Charlotte, Ally will activate the Ally Community Corner, supporting local nonprofits. These agreements also enhance Ally's branding during games and events.
Ally Financial Inc. (NYSE: ALLY) has declared a quarterly cash dividend of $0.30 per share for common stock, payable on November 15, 2022, to stockholders of record as of November 1, 2022. Additionally, quarterly payments for Series B and Series C preferred stock will also be made on the same date; Series B dividends total approximately $15.9 million and Series C dividends about $11.8 million, each at $11.75 per share, payable to shareholders of record by October 31, 2022.
Ally Financial recognizes Erikka Tiffany Wells with the ‘Ally Sees Her’ award during the NAMAD annual conference on October 10, 2022. This award honors minority women leaders committed to their communities in the automotive industry. To celebrate Wells' achievements, Ally donated $10,000 to the Newgate School, a nonprofit providing auto training for low-income individuals. Wells, a co-founder of the Women of Color Automotive Network, highlights the importance of reliable transportation in breaking the cycle of poverty.
Morehouse College won the Moguls in the Making entrepreneurial competition, hosted by Ally (NYSE: ALLY) and TMCF, on Sept. 20, 2022. The initiative featured 60 students from 15 HBCUs, aiming to tackle economic mobility challenges. Each member of the winning team received a $20,000 scholarship and guaranteed paid internships. The second and third places were awarded to Morgan State University and Southern University, respectively. This competition has resulted in Ally hiring 12 former participants as full-time employees, emphasizing Ally's commitment to enhancing economic opportunities for diverse communities.
Ally Financial Inc. (NYSE: ALLY) is set to release its third quarter 2022 financial results on October 19, 2022, at approximately 7:30 a.m. ET. A live conference call will follow at 9 a.m. ET, accessible via webcast or dial-in. Investors can register for the call through a provided link to obtain the dial-in number. The presentation and financial supplement will also be posted on the company's Investor Relations website at the same time as the results. Ally Financial is a digital financial services company focused on consumer and commercial finance.
Ally Financial Inc. (NYSE: ALLY) will be represented by Chief Financial Officer Jenn LaClair at the Barclays 20th Annual Global Financial Services Conference on September 14, 2022, at 9 a.m. ET. Investors can listen to a live audio webcast on the company's investor relations website, with a replay available afterward. Ally Financial is a digital financial services company focused on providing quality financial solutions including auto finance, banking, and investment services.
Ally Financial Inc. (NYSE: ALLY) reported its second quarter 2022 financial results on July 19, 2022. The detailed results can be found on their Investor Relations website. A conference call to discuss performance is set for 9 a.m. ET, with both webcast and dial-in options available. Ally Financial is noted for its digital services including auto finance, insurance, and banking through Ally Bank. For continuous updates, visit their official website.
Ally Financial Inc. (NYSE: ALLY) has declared a quarterly cash dividend of $0.30 per share on common stock, payable on August 15, 2022, to shareholders of record on August 1, 2022. Additionally, dividends were announced for Series B and Series C preferred stock, amounting to $15.9 million and $11.8 million respectively, both payable on August 15, 2022, with record dates of July 31, 2022. This decision underscores Ally’s commitment to returning value to shareholders.
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