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, ...

Financial Performance - Ally Financial reported strong fourth quarter results with earnings per share (EPS) of $0.45 and total net revenue of $2.1 billion, both exceeding analysts' estimates [1] - Net financing revenue in the auto finance business rose by $5 million to $1.3 billion, driven by higher interest rates [2] - Pre-tax income at the insurance unit increased by $28 million to $129 million, primarily due to elevated earned premiums [2] Strategic Transaction - Ally Financial announced a deal with Synchrony Financial to sell its point-of-sale financing arm, which includes $2.2 billion in loan receivables [1][2] - The portfolio includes relationships with nearly 2,500 merchant locations and supports more than 450,000 active borrowers in home improvement services and healthcare [2] - The transaction is expected to close in the current quarter, with financial considerations for the purchase not disclosed [2] Market Reaction - Ally Financial shares surged 10.4% to $35.46, reaching their highest level since August 2022 [3] - Synchrony Financial stock also rose by 3.1% to $36.89 [3]

Earnings and Financial Performance - Ally Financial beat Wall Street earnings estimates with $0.45 per share in Q4 2023, surpassing expectations of $0.44 per share [2] - Revenue for Q4 2023 was $2 billion, slightly above the expected $1.99 billion [2] - The company's shares rose nearly 10% following the earnings announcement [1] Divestiture and Capital Reserves - Ally announced the sale of its point-of-sale financing business to Synchrony Financial, including $2.2 billion of loan receivables [2] - The divestiture is expected to boost Ally's common equity Tier 1 ratio by about 15 basis points and modestly increase tangible book value and per-share earnings in 2024 [3] - The business being sold includes relationships with nearly 2,500 merchant locations and supports over 450,000 active borrowers, primarily in home improvement and healthcare sectors [2] Market and Industry Challenges - 2023 was a challenging year for financial services companies, particularly auto lenders like Ally, due to rising rates and post-pandemic normalization in used car prices [2] - Some auto lenders have pulled back, easing pricing pressures, which appears to be working in Ally's favor [4] Leadership and Strategic Focus - CEO Jeffrey Brown emphasized that the divestiture allows Ally to remain disciplined in capital allocation to optimize risk-adjusted returns [3] - Brown is set to depart for Hendrick Automotive Group, with Doug Timmerman appointed as interim CEO while a permanent replacement is sought [4] Outlook and Investor Sentiment - Despite a dynamic operating environment and CEO transition, Ally is managing challenges well, with a positive long-term outlook for investors [4]

Ally Financial Inc. (NYSE:ALLY) Q4 2023 Earnings Conference Call January 19, 2024 9:00 AM ET Company Participants Sean Leary - Head of Investor Relations Jeff Brown - Chief Executive Officer Doug Timmerman - Interim Chief Executive Officer Russ Hutchinson - Chief Financial Officer Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan John Hecht - Jefferies Operator Good day, and thank you for standing by. Welcome to Ally Financial Fo ...

Ally Financial Inc.’s stock was up nearly 10% during the trading session on Friday — its best one-day rise in nearly a year — after the bank’s earnings beat Wall Street estimates and the bank agreed to sell its point-of-sale financing business to Synchrony Financial. Ally Financial ALLY, +9.63% said its fourth-quarter net income fell to $49 million, or 16 cents a share, from $251 million, or 83 cents a share, in the year-ago quarter. Fourth-quarter adjusted profit dropped to 45 cents a share from $1.08 a ...