In 2024, Ally originated $39.2 billion in auto loans at an average yield of 10.4%. It also has a large insurance business and wrote nearly $1.5 billion in auto insurance premiums last year.
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Ally Financial has been shedding its non-core lending segments. It wants to improve profitability on its auto lending and grow customer deposits. The stock trades at an attractive valuation and ...
In the fourth quarter of 2024, Ally reached an agreement to sell its credit card business to CardWorks, incurring a $118 million partial goodwill impairment excluded from adjusted metrics.
Headquartered in Detroit, Ally Financial Inc. is the country's largest all-digital bank, which is used to provide automotive financing, insurance products, and corporate loans. With assets of $192 ...
Ally Financial Inc. (NYSE: ALLY) has scheduled the release of its first quarter financial results for Thursday, April 17, ...
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