Ally announces share repurchase authorization

Core Viewpoint - Ally Financial Inc. has authorized a share repurchase program of up to $2.0 billion, reflecting confidence in its core business momentum and future prospects [1]. Group 1: Share Repurchase Program - The repurchase program allows Ally to buy back shares through open market purchases or private transactions, including a Rule 10b5-1 plan, at management's discretion [2]. - The program is flexible, with no obligation to acquire a specific dollar amount or number of shares, and it may be extended, modified, or discontinued at any time [2]. Group 2: Company Overview - Ally Financial Inc. is a financial services company known for its all-digital bank and leading auto financing business, aiming to serve customers with various financial products [4]. - The company also provides corporate finance services, offering capital for equity sponsors and middle-market companies [4].