Ally Financial Inc., a bank holding company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1914 and is based in Detroit, Michigan.
IPO Year: 2014
Exchange: NYSE
Website: ally.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Underperform → Mkt Perform | Raymond James | |
| 10/7/2024 | $46.00 → $40.00 | Neutral → Overweight | JP Morgan |
| 9/16/2024 | Buy → Neutral | BTIG Research | |
| 7/8/2024 | $39.00 → $45.00 | Underweight → Neutral | JP Morgan |
| 6/24/2024 | $50.00 | Buy | Citigroup |
| 6/7/2024 | $51.00 | Buy | BTIG Research |
| 4/9/2024 | $42.00 → $46.00 | Neutral → Buy | BofA Securities |
| 4/3/2024 | $37.00 → $39.00 | Neutral → Underweight | JP Morgan |
| 2/8/2024 | $37.00 → $47.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/10/2024 | $36.00 | Outperform → Market Perform | BMO Capital Markets |
Raymond James upgraded Ally Financial from Underperform to Mkt Perform
JP Morgan upgraded Ally Financial from Neutral to Overweight and set a new price target of $40.00 from $46.00 previously
BTIG Research downgraded Ally Financial from Buy to Neutral
JP Morgan upgraded Ally Financial from Underweight to Neutral and set a new price target of $45.00 from $39.00 previously
Citigroup initiated coverage of Ally Financial with a rating of Buy and set a new price target of $50.00
BTIG Research initiated coverage of Ally Financial with a rating of Buy and set a new price target of $51.00
BofA Securities upgraded Ally Financial from Neutral to Buy and set a new price target of $46.00 from $42.00 previously
JP Morgan downgraded Ally Financial from Neutral to Underweight and set a new price target of $39.00 from $37.00 previously
Morgan Stanley upgraded Ally Financial from Equal-Weight to Overweight and set a new price target of $47.00 from $37.00 previously
BMO Capital Markets downgraded Ally Financial from Outperform to Market Perform and set a new price target of $36.00
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CHARLOTTE, N.C., Oct. 23, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) Chief Financial Officer, Russ Hutchinson, will present at the BancAnalysts Association of Boston Conference on Thursday, November 7, 2024 at approximately 11:15 a.m. ET. A live webcast will be available on the day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website. A replay will also be available. About Ally Financial Ally Financial Inc. (NYSE:ALLY) is a financial services company with the nation's largest all-digital
CHARLOTTE, N.C., Oct. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today reported its third quarter 2024 results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session. Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Relat
DETROIT, Oct. 9, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE:ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on November 15, 2024, to stockholders of record on November 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on November 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is
Ally and Thurgood Marshall College Fund gathered 50 students to compete for over $200k in scholarships and prizes Two teams tied for first place, each student receiving a $20,000 scholarship and guaranteed internshipThe week-long event included an exciting surprise from "The Jennifer Hudson Show" to air Oct. 25Ally's CEO Michael Rhodes and government leaders spoke with students and shared perspective on economic mobility and the work being done to revitalize DetroitDETROIT, Oct. 8, 2024 /PRNewswire/ -- Philander Smith University and Southern University students took top honors in the sixth annual Moguls in the Making entrepreneurial pitch competition, where 50 students from Historically Blac
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) for the members of Ally Insurance Group (Ally Insurance). The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL). All companies are domiciled in Detroit, MI, except AIICL, which is domiciled in Bermuda. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ally Insurance's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating
CHARLOTTE, N.C., Sept. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) has scheduled the release of its third quarter financial results for Friday, October 18, 2024, at approximately 7:30 a.m. ET. The results will be available on the Ally Press Room website (http://media.ally.com). Ally will host a conference call at 9 a.m. ET to review the company's performance. You may listen to the call via webcast or dial-in. The webcast will be live on Ally's Investor Relations website in the Events & Presentations section (http://www.ally.com/about/investor/events-presentations/
Accomplished business leader and legal expert will lead a newly created Legal & Corporate Affairs Office at the company CHARLOTTE, N.C., Sept. 9, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today announced 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 which will oversee all regulatory and legal matters. She will have responsibility for the organization's legal, compliance, government relations, environmental sustainability and community reinvestment teams.
The two join forces at the intersection of mental and financial health to provide resources focused on money mindfulness CHARLOTTE, N.C., Aug. 27, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) and Calm, a leading mental health company with the number one app for sleep, meditation and relaxation, have teamed up to support the mental health and financial goals of people nationwide. At a time when more than half (59%) of Americans feel stressed about the condition of their finances every month (or more!), Ally is offering over one million free 3-month Calm trials to cons
CHARLOTTE, N.C., Aug. 22, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) 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 day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website. A replay will also be available. About Ally Financial Ally Financial Inc. (NYSE:ALLY) is a financial services company with the nation's largest all-digital b
Nation's largest all-digital bank plants 'money tree' in NYC; awards $100,000 for shared 'money stories' nationwide CHARLOTTE, N.C., Aug. 13, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced the launch of Money Roots™, a free financial wellness program to help people uncover how their money mindset impacts their spending, saving and investing decisions – and vice versa. Grounded in money psychology, Money Roots is a departure from traditional skills-based financial education and comes on the heels of a recent Ally Bank (Member FDIC) survey, which uncovered that nearly half (46%) of Americans let emotions influence their spending, while 36% never seek emotional support fo
CHARLOTTE, N.C., Oct. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today reported its third quarter 2024 results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session. Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Relat
DETROIT, Oct. 9, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE:ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on November 15, 2024, to stockholders of record on November 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on November 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) for the members of Ally Insurance Group (Ally Insurance). The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL). All companies are domiciled in Detroit, MI, except AIICL, which is domiciled in Bermuda. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ally Insurance's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating
CHARLOTTE, N.C., Sept. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) has scheduled the release of its third quarter financial results for Friday, October 18, 2024, at approximately 7:30 a.m. ET. The results will be available on the Ally Press Room website (http://media.ally.com). Ally will host a conference call at 9 a.m. ET to review the company's performance. You may listen to the call via webcast or dial-in. The webcast will be live on Ally's Investor Relations website in the Events & Presentations section (http://www.ally.com/about/investor/events-presentations/
CHARLOTTE, N.C., July 17, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today reported its second quarter 2024 results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session. Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Rela
DETROIT, July 16, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE:ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on August 15, 2024, to stockholders of record on August 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on August 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is payab
CHARLOTTE, N.C., June 20, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) has scheduled the release of its second quarter financial results for Wednesday, July 17, 2024, at approximately 7:30 a.m. ET. The results will be available on the Ally Press Room website (http://media.ally.com). Ally will host a conference call at 9 a.m. ET to review the company's performance. You may listen to the call via webcast or dial-in. The webcast will be live on Ally's Investor Relations website in the Events & Presentations section (http://www.ally.com/about/investor/events-presentations/
CHARLOTTE, N.C., April 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today reported its first quarter 2024 results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session. Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Rela
DETROIT, April 16, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE:ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on May 15, 2024, to stockholders of record on May 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on May 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is payable to sh
CHARLOTTE, N.C., March 13, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) has scheduled the release of its first quarter financial results for Thursday, April 18, 2024, at approximately 7:30 a.m. ET. The results will be available on the Ally Press Room website (http://media.ally.com). Ally will host a conference call at 9 a.m. ET to review the company's performance. You may listen to the call via webcast or dial-in. The webcast will be live on Ally's Investor Relations website in the Events & Presentations section (http://www.ally.com/about/investor/events-presentations/
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Accomplished business leader and legal expert will lead a newly created Legal & Corporate Affairs Office at the company CHARLOTTE, N.C., Sept. 9, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today announced 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 which will oversee all regulatory and legal matters. She will have responsibility for the organization's legal, compliance, government relations, environmental sustainability and community reinvestment teams.
Brown has served as Ally's Chief Executive Officer since 2015 Brown will remain through early 2024 before becoming President of Hendrick Automotive Group CHARLOTTE, N.C., Oct. 11, 2023 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) announced today that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of Ally's Board of Directors since 2015. The Board has engaged a leading global executive search firm, and the search for a successor is underway. "After 14 years at Ally, including nearly 9 years as CEO, I am so proud o
SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Graphiant, a provider of next-generation edge services, announced today the appointment of David Reilly as a member of the board. David brings extensive experience and a passion for helping organizations achieve their aspirational goals by leveraging digital transitions, preparing for unforeseen challenges, and adapting to the ever-evolving nature of their industries. David has worked with some of the world's largest financial institutions throughout his career, driving business growth through digital transformation. As a seasoned CIO and CTO, he believes in the importance of understanding the business problem that technology or service
CHARLOTTE, N.C., Jan. 12, 2021 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that, based on results of the Federal Reserve Board (FRB) stress test process in December 2020, its board of directors has authorized the company to repurchase up to $1.60 billion of the company's common stock in 2021. The company will begin repurchasing shares in the first quarter, in accordance with the FRB's modified restrictions that limit combined repurchases and common dividends to an amount that does not exceed the average net income of the four preceding calendar quarters. Additionally, the board of directors declared a quarterly cash dividend of $0.19 per share of the company's common
Ally Financial's (NYSE:ALLY) short percent of float has fallen 5.0% since its last report. The company recently reported that it has 8.06 million shares sold short, which is 2.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.11 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Shares of Ally Financial Inc (NYSE:ALLY) remained under pressure on Thursday, after declining in the prior session amid a broader downturn in Wall Street stocks. Ally Financial reported results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On Ally Financial Analyst Jon Arfstrom reiterated an Outperform rating, while lifting the price target from $46 to $49. Ally Financial announced earnings of 86 cents per share, amid higher electric vehicle originations driving $92 million in tax credits or 30 cents per share in earnings, Arfstrom said in a note. "Fundamentals were driven by margin improvement, stable balance sheet trends, and seasona
Morgan Stanley analyst Betsy Graseck maintains Ally Financial (NYSE:ALLY) with a Overweight and raises the price target from $47 to $49.
Wells Fargo analyst Donald Fandetti maintains Ally Financial (NYSE:ALLY) with a Underweight and raises the price target from $33 to $37.
Barclays analyst Jason Goldberg maintains Ally Financial (NYSE:ALLY) with a Equal-Weight and raises the price target from $43 to $44.
RBC Capital analyst Jon Arfstrom maintains Ally Financial (NYSE:ALLY) with a Outperform and raises the price target from $46 to $49.
It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China. Bloomberg reported on Wednesday that the U.S. administration has advised its allies to impose the strictest trade restrictions possible if companies such as Tokyo Electron Ltd. (OTCPK: TOELY) and ASML Holding NV (NASDAQ:ASML) persist in supplying advanced chips to China. Shares of the Dutch chipmaker ASML Holding fell nearly 12%, notching the worst decline since March 2020. The tech-heavy Nasdaq 100 tumbled by 2.7% at 12:45 p.m. ET, marking the worst session since late August 2023.
Sentiment will likely reverse course, with the index futures trading notably lower early Wednesday. The recent run-up ideally should render the mood cautious, and the caution may intensify as the first AI-levered chip company from across the Atlantic reported second-quarter results that were not viewed positively by the Street. Republican presidential nominee Donald Trump added to the worries concerning the tech space after he said in a Bloomberg interview that Taiwan should foot its own defense bill as it strives to keep China at bay. Taiwan houses most chip suppliers to the tech industry. Bond yields edged up ahead of the housing starts and industrial production report. FuturesPerforman
Ally Financial (NYSE:ALLY) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.64 by 51.56 percent. The company reported quarterly sales of $2.042 billion which beat the analyst consensus estimate of $2.030 billion by 0.59 percent. This is a 1.16 percent decrease over sales of $2.066 billion the same period last year.
Ally Financial Inc. (NYSE:ALLY) is scheduled to release its financial results for the second quarter, before the opening bell on Wednesday, July 17. Analysts expect the Detroit, Michigan-based company to report quarterly earnings at 64 cents per share, down from 96 cents per share in the year-ago period. Ally Financial expects to post revenue of $2.03 billion. It posted $2.08 billion a year earlier, according to data from Benzinga Pro. On April 18, Ally Financial reported better-than-expected first-quarter financial results. Ally Financial shares gained 1.6% to close at $44.46 on Tuesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Re