Ally steers back to auto after brief credit card venture
The auto lender is selling its credit card business and halting new mortgage loans, abandoning its once-broader ambitions.
Why Ally Financial (ALLY) Is Rallying Today
Ally Financial Inc. (NYSE:ALLY) stock is jumping 7% today after the company reported significantly higher-than-expected ...
Is Ally Financial a Millionaire Maker?
Ally Financial is largely an auto lender, created when the business was spun off from General Motors. The company carries an ...
Ally Financial Stock Surges as Company Beats Profit Estimates, Sells Credit Card Business
Key Takeaways Ally Financial posted fourth-quarter earnings and revenue that topped estimates as it reduced expenses.CEO ...
Crain's Detroit4d
Ally Financial offloads credit card business, $2.3B loan portfolio
CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders ...
Ally Shares Soar as Expenses, Loan-Loss Provisions Decline
Ally Financial Inc. fourth-quarter earnings surged as its net interest margin beat analysts’ estimates and expenses and ...
Ally Financial: Asset Sale Should Not Outweigh A Mixed Outlook
Ally Financial Inc.'s Q4 results alleviated some credit loss concerns, but has elevated delinquencies and an uncertain 2025 ...
American Banker4d
Ally drops credit card business, posts quarterly profit
Auto lender Ally Financial said Wednesday that it's officially ending its foray into credit cards under a broader restructuring, even as credit issues in its flagship auto loan business showed signs ...
Forecasting The Future: 8 Analyst Projections For Ally Financial
In the latest quarter, 8 analysts provided ratings for Ally Financial ALLY, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the ...
Ally Financial’s Challenges: Interest Rate Impact and Limited Upside Potential Lead to Sell Rating
Wells Fargo analyst Donald Fandetti maintained a Sell rating on Ally Financial (ALLY – Research Report) yesterday and set a price target of ...
Nasdaq4d
Is Ally Financial a Millionaire Maker?
This is actually pretty important because it speaks to Ally Financial's business model of making auto loans. And, after efforts to diversify the all-digital bank, it is getting out of businesses ...