Rita Case, president, CEO, and dealer principal at Rick Case Honda in Davie, Florida, wins 55th annual award that recognizes business acumen and community givingLAS VEGAS, Feb. 3, 2024 /PRNewswire/ -- Rita Case, president, CEO, and dealer principal at Rick Case Honda in Davie, Florida, today was announced as the 2024 TIME Dealer of the Year at the 107th National Automobile Dealers Association (NADA) Show. Now in its 55th year, the TIME Dealer of the Year award is one of the auto industry's most respected an ...

Ally becomes presenting partner of the U.S. Women's Open; founding partner of the U.S. National Development Program New partnership moves Ally closer to equal spending goal across men's and women's sports paid media Ally Signs World No. 1 Golfer Lilia Vu 2024 U.S. Women's Open purse set for record $12M CHARLOTTE, N.C. and LIBERTY CORNER, N.J., Feb. 1, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY), a financial services company with the nation's largest all-digital bank and a leading brand in women's ...

feedough/iStock via Getty Images Foreword Dan Burrows says in Kiplinger Investing: The Berkshire Hathaway portfolio is a diverse set of blue chips and, increasingly, lesser-known growth bets. Here's a look at every stock picked by Warren Buffett and his lieutenants. Any collection of stocks is more clearly understood when subjected to yield-based (dogcatcher) analysis, this Buffett/Berkshire batch is perfect for the dogcatcher process. Here are the January 25 data for 27 dividend paying stocks in the Kiplin ...

It was nearly a year ago that the banking industry was rattled by the failures of a few sizable financial institutions. Investors quickly soured on the entire sector, but they appear to be warming up to it once again.Just look at leading online bank Ally Financial (ALLY 1.95%). Its shares rose by 43% in 2023. And the fact that Warren Buffett-led Berkshire Hathaway owns a 9.6% stake in the lender might be enticing for investors looking to put money to work in this sector.Let's dive deeper into this digital b ...

Shares of Ally Financial (ALLY) gained 10.7% following the release of its fourth-quarter and 2023 results. Quarterly adjusted earnings of 45 cents per share surpassed the Zacks Consensus Estimate by a penny. However, the bottom line reflects a decline of 58.3% from the year-ago quarter.Results were primarily aided by an improvement in other revenues. However, a decline in net financing revenues, along with higher expenses and provisions, were the undermining factors.After considering non-recurring items, ne ...

Ally Financial Inc. (ALLY) announced a definitive agreement to sell Ally Lending (its point-of-sale or POS financing business), including $2.2 billion of loan receivables, to Synchrony (SYF) . This move reflects Ally Financial's commitment to optimizing its capital allocation and prioritizing resources toward high-growth areas.The portfolio being acquired by SYF is a strategic fit, reinforcing its position in the industry by offering both revolving credit and installment loans at the point-of-sale in the ho ...

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business. This acquisition includes $2.2 billion of loan receivables and relationships with 2,500 merchant locations and 450,000 active borrowers, the companies said in a Friday (Jan. 19) press release. It will allow Synchrony to enhance its presence in the home improvement and health and wellness financing sectors, according to the release. Synchrony plans to offer both revolving credit ...

Legendary stock market investor Warren Buffett is more widely known for the stocks he buys that go up, but they can't all be zingers. Shares of consumer-focused bank Ally Financial (ALLY 10.71%) have fallen since Buffett added the stock to Berkshire Hathaway's equity portfolio in early 2022, and it's down about 42% from the peak it reached in 2021.Berkshire Hathaway sold 14 stocks during the third quarter of 2023, seven of which were closed out completely. One that didn't land on the chopping block, though, ...

Key TakeawaysAlly Financial reported strong fourth quarter results and announced a deal with Synchrony Financial.Ally's earnings per share (EPS) and revenue came in higher than analysts' estimates.The financial services provider sold its point-of-sale financing arm to Synchrony, in a deal that includes $2.2 billion in loan receivables.Ally's share price hit its highest level since August 2022.Ally Financial (ALLY) shares jumped Friday as the company posted better-than-expected results and announced it was s ...

Ally Financial (ALLY 9.84%) beat Wall Street earnings estimates and announced a divestiture that will boost its capital reserves. Investors cheered the results, sending shares of Ally up nearly 10% as of noon Eastern on Friday.A solid report in a difficult period2023 was a challenging year for most financial services companies and a particularly treacherous one for auto lenders like Ally. Rising rates left banks scrambling to reprice loans and attract deposits, and the post-pandemic normalization in used ca ...