HSBC Holdings PLC (HSBC) entered into a joint agreement with Grupo Financiero Galicia (“Galicia”) to sell its Argentina business. The transaction is valued at $550 million and aims to shift its focus on the core Asian operations. The deal, subject to regulatory approvals, is expected to be completed within the next 12 months.Per the agreement, Galicia will acquire HSBC’s entire Argentina business, including banking, asset management and insurance. The firm will also assume $100 million of subordinated debt ...

Long-term investors will be rewarded with tons of dividend growth by holding this banking stock.Over the long term, the best place for investors to park their money is stocks. With thousands of options to choose from -- not forgetting all the investment funds and ETFs at your disposal -- it can be difficult to figure out what stocks are best for your portfolio. One tried-and-true investing strategy is to find stocks with strong dividend growth. This means buying companies that pay you a bigger dividend ever ...

Shares of consumer lending stock Ally Financial Inc (NYSE:ALLY) are down 0.7% at $38.76 at last glance, following a bear note from J.P. Morgan Securities. The analyst downgraded ALLY to "underweight" from "neutral," after saying the consumer finance sector re-rated "too quickly," resulting in a disproportion between fundamentals and valuations. However, J.P. Morgan Securities also added that investors should seize the opportunity to take advantage of the recent rally before earnings, and increased its price ...

Ally Home Grant will be visible on the lender's home search portal; an industry-disruptive move enabled by HouseCanary to help make assistance more accessible – and homeownership more attainable – for more consumers CHARLOTTE, N.C., March 19, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that Ally Home, its residential mortgage lending arm of Ally Bank, will offer a $5,000 grant for eligible homebuyers in three major metro areas to apply toward downpayment, closing or other costs. To ...

In the past five years, the S&P 500, including dividends, produced a total return of about 100%. That's a very admirable result that investors who pick single stocks should try to outpace.Unfortunately, Ally Financial (ALLY 0.08%) has come up well short of this mark. If we include dividends, its shares have returned just 67% since March 2019. But the stock has surged 38% so far this year, so there appears to be a growing sense of optimism.Should investors buy, sell, or hold this bank stock? To provide some ...

CHARLOTTE, N.C., March 14, 2024 /PRNewswire/ -- The Charlotte Sports Foundation (CSF) and Ally Financial Inc. (NYSE: ALLY), a financial services company with the nation's largest all-digital bank and who has become a leading brand in women's sports, announced today the lineup for the 2024 Ally Tipoff. This year's event is scheduled for Sunday, November 10 at the Spectrum Center in Charlotte and will be a doubleheader, featuring #1 South Carolina taking on #11 NC State and a rematch of last year's game with ...

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 & Present ...

 Women's Club to Embark on First US Trip, Starting This SummerDETROIT, March 11, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY), a financial services company with the United States' largest all-digital bank and a leading brand in women's sports, today announced its historic sponsorship of Wrexham AFC Women to help bring the club to the U.S. for the first time this summer for the 2024 Wrex Coast Tour, with dates to be announced soon. Wrexham AFC Co-chairmen Ryan Reynolds and Rob McElhenney announce ...

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 ...