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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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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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.

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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.

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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%
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