Ally Finl Inc Stock Price, News & Analysis

Ally Financial Inc. (NYSE: ALLY) has declared a quarterly cash dividend of $0.30 per share on its common stock, payable on November 15, 2024, to stockholders of record on November 1, 2024. The company also announced dividend payments for its Series B and Series C preferred stock securities, both payable on November 15, 2024.

For the Series B preferred stock, a quarterly dividend of approximately $15.9 million, or $11.75 per share, will be paid to shareholders of record as of October 31, 2024. Similarly, for the Series C preferred stock, a dividend of about $11.8 million, or $11.75 per share, will be paid to shareholders of record as of the same date.

Ally Financial is a financial services company operating the largest all-digital bank in the U.S. and a leading auto financing business. It serves around 11 million customers through various online banking services, securities brokerage, and investment advisory services.

The 6th annual Moguls in the Making entrepreneurial pitch competition, hosted by Ally Financial (NYSE: ALLY) and the Thurgood Marshall College Fund, concluded with Philander Smith University and Southern University tying for first place. The event, held in Detroit from October 2-6, 2024, gathered 50 students from Historically Black Colleges and Universities (HBCUs) to develop solutions for economic mobility challenges in Detroit.

The winning teams each received $20,000 scholarships per student and guaranteed internships at Ally. Hampton University and Spelman College secured second and third places, respectively. The competition included tours of Detroit, workshops, and mentorship opportunities. Since its inception in 2019, Ally has awarded over $1 million in scholarships and prizes through the program, employing 46 former Moguls as interns and 15 as full-time employees.

Ally Financial Inc. (NYSE: ALLY) has announced the scheduled release of its third quarter financial results for Friday, October 18, 2024, at approximately 7:30 a.m. ET. The company will host a conference call at 9 a.m. ET to review its performance, accessible via webcast or dial-in. Ally Financial, the largest all-digital bank in the U.S. with a leading auto financing business, serves about 11 million customers through online banking services, securities brokerage, and investment advisory services. The company also offers corporate finance, auto financing, and insurance products. Investors and analysts can access the results on Ally's Press Room website and join the conference call through pre-registration.

Ally Financial Inc. (NYSE: ALLY) has announced that Hope Mehlman will join the company as chief legal and corporate affairs officer, effective Dec. 2, 2024. Mehlman will lead a newly created Legal & Corporate Affairs Office, overseeing all regulatory and legal matters. She brings over 20 years of leadership experience in retail and commercial banking, most recently serving as Discover's chief legal officer, general counsel, and corporate secretary.

Mehlman's responsibilities will include managing Ally's legal, compliance, government relations, environmental sustainability, and community reinvestment teams. CEO Michael Rhodes highlighted her proven track record in building and evolving legal and compliance teams to enable business performance. Mehlman's appointment is expected to strengthen Ally's approach to anticipating regulatory and legal changes.

Ally Financial Inc. (NYSE: ALLY) and Calm have partnered to support mental health and financial goals nationwide. Ally is offering over one million free 3-month Calm trials to consumers and one-year premium subscriptions to customers. The collaboration includes financial wellness content on Calm, featuring a conversation with financial wellness expert Kelley Long and Ally's Head of Money Wellness, Jack Howard.

Key findings from Ally's survey reveal that 46% of Americans say financial concerns impact their lives daily or weekly, with Gen Z (52%) and millennials (50%) most affected. Financial stress affects sleep (66%), mental health (65%), and personal relationships (52%). 60% of consumers are 'less than confident' in their financial condition, with over half unable to cover a $500 emergency expense without debt.

Karen Sutton-Ford, dealer principal at Sutton Ford in Matteson, Illinois, has been named the winner of the 2024 Ally Sees Her Award. This prestigious recognition, established by Ally Financial (NYSE: ALLY) and the National Association of Minority Automobile Dealers (NAMAD), honors women of color in the auto retail industry for their achievements and community commitment.

Sutton-Ford's journey in the auto industry began with her parents' dealership in 1989. After gaining experience at IBM and Toyota, she joined Sutton Ford in 2015. Her leadership roles include serving as secretary of NAMAD Next Gen and upcoming vice president. To celebrate her accomplishments, Ally is donating $10,000 to the Seeking Vision, Gaining Success Foundation, supporting HBCU scholarships.

Ally Financial Inc. (NYSE: ALLY) has announced that Chief Financial Officer Russ Hutchinson will present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024, at approximately 8:15 a.m. ET. A live webcast will be available on the company's investor relations website, with a replay option provided.

Ally Financial is a leading financial services company with the largest all-digital bank in the United States and a prominent auto financing business. The company serves about 11 million customers through various online banking services, securities brokerage, and investment advisory services. Ally also offers corporate finance, auto financing, and insurance products.

Ally Financial Inc. (NYSE: ALLY) has launched Money Roots™, a free nationwide financial wellness program focused on money psychology. The program aims to help people understand how their money mindset impacts financial decisions. Key features include:

- Four one-hour virtual workshops led by experts in behavioral finance and financial therapy
- A $100,000 cash prize giveaway for participants sharing their money stories
- A 14-foot-tall 'money tree' installation in NYC

The initiative comes after an Ally Bank survey revealed that 46% of Americans let emotions influence spending, while 36% never seek emotional support for managing finances. Money Roots aims to address financial stress and improve overall financial health across all income levels.

Unrivaled, a new professional women's basketball league, has announced Ally Financial as its first and founding brand partner. Ally, known for its commitment to media equity, will be the league's official retail banking partner. The partnership includes:

- Jersey patch sponsorship for all six teams
- Hospitality and fan engagement activations
- Online/digital content and in-arena signage
- Advanced media spend to ensure game accessibility

Ally's involvement aims to elevate the sport and inspire future women's basketball stars. The league is set to tip off its inaugural season in January 2025. WNBA star and Unrivaled co-founder Breanna Stewart will join Team Ally, alongside other prominent athletes.