Ally Finl Inc Stock Price, News & Analysis

Ally Charitable Foundation has announced a $1 million commitment to Detroit's Strategic Neighborhood Fund (SNF), targeting improvements across 10 Detroit neighborhoods. This grant, part of SNF 3.0, will support affordable housing development and Spark Grant programs for small businesses.

The SNF, launched in 2016 by the City of Detroit and Invest Detroit, has already invested $262 million, resulting in 10 neighborhood framework plans, 78,000 SF of commercial space, 378 housing units, and 86 home rehabs. The program has completed 12 park and greenway projects, with 4 more in progress, and 12 streetscape projects.

Each neighborhood undergoes a year-long planning process with resident participation to shape implementation of streetscapes, commercial corridors, and parks. The initiative has shown positive results, with decreased poverty and residential vacancy in all 10 target neighborhoods, and population increases in six areas.

Ally Financial and TIME have named Raymond Farabaugh, president of D-Patrick Inc. in Evansville, Ind., as the 2025 TIME Dealer of the Year at the 108th National Automobile Dealers Association Show. Selected from over 16,000 franchised dealers nationwide, Farabaugh was recognized for his industry achievements and community service. As the exclusive sponsor for the 14th consecutive year, Ally will provide $10,000 to Farabaugh's chosen charity, $5,000 to each finalist's selected nonprofit, and $1,000 to charities chosen by each of the 49 nominees. The total donations made by Ally in connection with the program approach $1 million.

The award, now in its 56th year, celebrates dealers who excel in their profession while making meaningful community impacts. Four other finalists were recognized from different NADA regions, with winners chosen by a panel from the University of Michigan's Tauber Institute for Global Operations.

Ally Financial (NYSE: ALLY) has announced a definitive agreement to sell its credit card business to CardWorks and its subsidiary Merrick Bank. The deal includes a $2.3 billion credit card portfolio with 1.3 million active cardholders as of December 31, 2024.

The strategic move is part of Ally's broader strategy to streamline operations and focus on core businesses to improve returns. CardWorks, which has been serving as the servicing partner for the platform since its inception, views this acquisition as an expansion of its near-prime credit card business.

The transaction is expected to close in 2025, subject to customary closing conditions. Both companies will work together to ensure a smooth transition for customers and employees. J.P. Morgan Securities acted as financial advisor to Ally for the transaction.

Ally Financial (NYSE: ALLY) has announced its fourth quarter and full year 2024 financial results. The company, which operates the nation's largest all-digital bank and a leading auto financing business, will host a conference call at 9 a.m. ET to discuss the performance details. Ally Financial serves approximately 10 million customers, offering services including deposits, securities brokerage, investment advisory services, auto financing, and insurance.

The company also maintains a corporate finance division providing capital for equity sponsors and middle-market companies. Detailed financial results are available through Ally's Investor Relations website, and a conference call replay will be accessible via webcast.

Ally Financial (NYSE: ALLY) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.30 per share on common stock to shareholders of record as of January 31, 2025, with payment scheduled for February 14, 2025.

Additionally, Ally declared dividends for its preferred stock series: approximately $15.9 million ($11.75 per share) for Series B and $11.8 million ($11.75 per share) for Series C preferred stock. Both preferred stock dividends will be paid on February 15, 2025, to shareholders of record as of January 31, 2025.

Ally Financial operates as the nation's largest all-digital bank with a significant auto financing business, serving approximately 11 million customers through online banking services, securities brokerage, and investment advisory services.

Ally Financial (NYSE: ALLY) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, at approximately 7:30 a.m. ET. The company will host a conference call at 9 a.m. ET to discuss the results, accessible via webcast or dial-in. Ally Financial, which operates the nation's largest all-digital bank and a leading auto financing business, serves approximately 11 million customers through online banking services, securities brokerage, investment advisory services, and corporate finance solutions.

Ally Financial (NYSE: ALLY) has announced that CEO Michael Rhodes will present at the Goldman Sachs US Financial Services Conference on December 11, 2024, at 10:00 a.m. ET. The presentation will be accessible via live webcast on Ally's investor relations website, with a replay available afterward.

Ally Financial operates the nation's largest all-digital bank and a leading auto financing business. The company serves about 11 million customers through comprehensive online banking services, securities brokerage, investment advisory services, and corporate finance solutions. Their services include deposits, mortgage, credit card products, auto financing, and insurance offerings.

Ally Bank (NYSE: ALLY) has revived its Banksgiving initiative, transforming routine end-of-call surveys into opportunities to help customers overcome financial challenges. During a day in early November, customer care specialists identified and addressed various customer needs, including assistance with family vacations, swim lessons, rent payments, and Thanksgiving dinner expenses. The program, now in its sixth year, demonstrates Ally's commitment to customer service excellence. The bank will showcase these interactions through videos on TikTok, Instagram, and TV platforms throughout the holiday season. Ally Financial, serving approximately 11 million customers, operates the nation's largest all-digital bank and provides comprehensive financial services including auto financing, banking, securities brokerage, and investment advisory services.

Ally Financial (NYSE: ALLY) announced several key leadership changes to enhance company value. Stephanie Richard, a 27-year veteran, has been appointed chief risk officer, while Meghan Ryan becomes chief audit executive. Lindsay Sacknoff will join as head of Deposits and Invest in January 2024. Sean Leary has been named chief financial planning and investor relations officer. These appointments follow CEO Michael Rhodes' strategic review of the leadership structure to deliver increased value for customers, employees, and shareholders.