New national media agreement, sponsorships signify Ally's intentional expansion into the WNBA, mark a milestone on its quest for media equityCHARLOTTE, N.C. and LAS VEGAS, March 5, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY), a leading brand in women's sports, and the Las Vegas Aces, the reigning back-to-back WNBA Champions, today announced a new multi-year, multi-million-dollar deal. Among the terms of the agreement, Ally becomes the first-ever official retail banking partner of the Aces. Las ...

Ally Financial Inc. (ALLY) has completed the divestiture of its point-of-sale (POS) financing business – Ally Lending (that includes $2.2 billion of loan receivables as of Dec 31, 2023) – to Synchrony (SYF) . The move reflects ALLY's commitment to optimizing its capital allocation and prioritizing resources toward high-growth areas.The deal was announced in January. At that time, ALLY expected the divestiture to bolster its Common Equity Tier 1 (CET1) ratio by almost 15 basis points (bps) at closing. Furthe ...

Regional banks have been in the news once again following New York Community Bancorp's disappointing fourth-quarter results. One regional bank stock that has shaken off the news around bank stocks over the last year is Ally Financial (ALLY 0.58%).The volatility surrounding regional banks last year has impacted Ally Financial, but the stock has recovered nicely, gaining 77% since its March 2023 low. The bank stands to benefit from a pivot in the Federal Reserve's interest rate policy, but investors must also ...

photoman Overview I previously rated Ally Financial (NYSE:ALLY) as a buy in October 2023. It seems that my timing was ideal, as the stock has now moved up over 46% since then. The price appreciation was more severe than anticipated and happened much quicker than expected. At the time of my original analysis, the dividend yield sat at about 4.6%. After the price run, the dividend yield now sits at only 3.3% which is less enticing but on par with the sector median. Therefore, I thought that now would be a gre ...

Wall Street's Top Investment Bank Loves 5 Big Dividend Stocks in 2024 Chris Hondros / Getty Images Every year, the top Wall Street firms release a list of their top stock picks for the coming 12 months, and typically, they are companies that the stock analysts have incredibly high conviction in. In addition, they often have good upside to the assigned price target and are bestowed with either a Buy or Overweight rating depending on the company providing the coverage. At 24/7 Wall St., we like to cover the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-3754 ALLY FINANCIAL INC. (Exact name of registrant as specified in its charter) Delaware 38-0572512 (State or other jurisdicti ...

As the markets continue their upswing, there are plenty of stocks out there hitting new all-time highs. Given the general negative market sentiment just a year ago, this may have seemed unlikely, but the broad-based indexes continue to perform. The S&P 500 is now trading above 5,000 and is already up 5.4% just in 2024.While the broader market is doing well, not all stocks have rallied to the same degree. Take Ally Financial (ALLY -2.25%), for instance. The online bank has seen some investor hesitancy over t ...

If you've been steering clear of financial stocks lately, that's certainly an understandable decision. Just as last year's rising interest rates made lending a more profitable business, the interest rate cuts expected later this year could re-crimp lending's profitability. Loan delinquencies are on the rise as well. Both work against companies in the money business, as does the occasional lingering hint of economic lethargy. The relatively poor performance of most financial stocks since early last year sugg ...

CHARLOTTE, N.C., Feb. 14, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) Chief Financial Officer Russ Hutchinson will present at the RBC Capital Markets Financial Institutions Conference on Wednesday, Mar. 6, 2024 at approximately 10:00 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: ...

5 Warren Buffett Approved Dividend Stocks Chip Somodevilla / Getty Images If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors.Known for his long buy-and-hold strategies and his massive portfolio of public and private holdings, he remains one of the preeminent investors in the enti ...