Ally Financial Stock Up as It Rewards Shareholders With Buyback Plan

Key Takeaways Ally Financial shares rose 5.1% after its board approved a $2B multi-year share repurchase plan.The buybacks begin this quarter with no expiration, reflecting momentum in the firm's core businesses.Ally Financial points to strong liquidity and earnings as support for sustained capital distributions.Shares of Ally Financial Inc. (ALLY) gained 5.1% in yesterday’s trading session after the company’s board of directors authorized a multi-year share repurchase program to repurchase shares worth up ...