Ally Finl Inc Stock Price, News & Analysis

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).

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.