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Ally Financial Inc (ALLY.N)

ALLY.N on New York Stock Exchange

29.73USD
18 Apr 2019
Change (% chg)

$0.06 (+0.20%)
Prev Close
$29.67
Open
$30.08
Day's High
$30.20
Day's Low
$29.49
Volume
1,288,436
Avg. Vol
967,878
52-wk High
$30.20
52-wk Low
$20.61

Latest Key Developments (Source: Significant Developments)

Ally Financial Reports Qtrly EPS Of $0.92
Thursday, 18 Apr 2019 

April 18 (Reuters) - Ally Financial Inc ::ALLY FINANCIAL REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.QTRLY EPS OF $0.92, UP 62% YOY; ADJUSTED EPS1 OF $0.80, UP 17% YOY.QTRLY TOTAL NET REVENUE OF $1.6 BILLION, UP 14% YOY; ADJUSTED TOTAL NET REVENUE1 OF $1.5 BILLION, UP 5%.QTRLY ROE OF 11.1%, UP 357 BASIS POINTS (“BPS”) YOY; CORE ROTCE1 OF 10.9%, UP 37 BPS YOY.QTRLY CONSOLIDATED NET CHARGE-OFF RATE OF 0.73%, DOWN 11 BPS YOY.CONSUMER AUTO ORIGINATIONS OF $9.2 BILLION SOURCED FROM 3.2 MILLION APPLICATIONS IN QUARTER.IN QUARTER, TOTAL DEPOSITS UP $15.9 BILLION YOY TO $113.3 BILLION.BOARD AUTHORIZATION FOR UP TO $1.25 BILLION SHARE REPURCHASE PROGRAM FROM 3Q 19 THROUGH 2Q 20.QTRLY ADJUSTED TANGIBLE BOOK VALUE1$31.42/SHARE.Q1 EARNINGS PER SHARE VIEW $0.78, REVENUE VIEW $1.53 BILLION -- REFINITIV IBES DATA.  Full Article

Appaloosa LP Dissolves Share Stake In NXP Semiconductors NV
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Appaloosa LP::APPALOOSA LP CUTS SHARE STAKE IN ALTABA INC BY 47.3 PERCENT TO 3.4 MILLION SHARES.APPALOOSA LP DISSOLVES SHARE STAKE IN WESTERN DIGITAL CORP.APPALOOSA LP DISSOLVES SHARE STAKE IN NXP SEMICONDUCTORS NV.APPALOOSA LP TAKES SHARE STAKE OF 1.2 MILLION SHARES IN STATE STREET CORP - SEC FILING.APPALOOSA LP DISSOLVES SHARE STAKE IN ALLY FINANCIAL INC.APPALOOSA LP CUTS SHARE STAKE IN BOSTON SCIENTIFIC CORP BY 66.2 PERCENT TO 853,875 SHARES.APPALOOSA LP - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

Ally Announces Non-Objection To 2018 Capital Plan
Thursday, 28 Jun 2018 

June 28 (Reuters) - Ally Financial Inc ::ALLY ANNOUNCES NON-OBJECTION TO 2018 CAPITAL PLAN.ALLY FINANCIAL INC - CAPITAL PLAN INCLUDES A 32% INCREASE IN COMPANY'S SHARE REPURCHASE PROGRAM.ALLY FINANCIAL - INCREASE IN SHARE REPURCHASE PROGRAM PERMITS REPURCHASE OF UP TO $1.0 BILLION OF CO'S COMMON STOCK FROM TIME TO TIME FROM Q3 2018 THROUGH Q2 2019.ALLY FINANCIAL - CAPITAL PLAN INCLUDES 15% INCREASE IN QTRLY CASH DIVIDEND ON COMMON STOCK FROM $0.13/SHARE TO $0.15/SHARE, EXPECTED TO BEGIN IN Q3 2018.  Full Article

Ally Financial Inc Says CEO Jeffrey Brown's FY 2017 Total Compensation Was $8.8 Mln
Friday, 23 Mar 2018 

March 23 (Reuters) - Ally Financial Inc ::ALLY FINANCIAL INC SAYS CEO JEFFREY BROWN'S FY 2017 TOTAL COMPENSATION WAS $8.8 MILLION VERSUS $7.5 MILLION IN FY 2016 - SEC FILING.  Full Article

Ally Financial Sees Adjusted EPS Growth Of 20 Pct To 30 Pct For 2018
Thursday, 15 Mar 2018 

March 15 (Reuters) - Ally Financial Inc ::SEES ADJUSTED EPS GROWTH OF 20 PERCENT TO 30 PERCENT FOR 2018 - PRESENTATION SLIDES.2018 CORE ROTCE TARGET OF 10.5 PERCENT - 11.5 PCT‍​.SEES NET FINANCING REVENUE (EXCLUDING CORE OID) UP 6 PERCENT TO 8 PERCENT Y-O-Y FOR Q1 2018.FY2018 EARNINGS PER SHARE VIEW $3.06 -- THOMSON REUTERS I/B/E/S.  Full Article

Ally Financial Inc Says ‍Jennifer A. Laclair Appointed As CFO Of Ally Effective March 1
Thursday, 1 Mar 2018 

March 1 (Reuters) - Ally Financial Inc ::ALLY FINANCIAL INC SAYS ‍JENNIFER A. LACLAIR ON FEB 26, 2018, WAS APPOINTED AS CHIEF FINANCIAL OFFICER OF ALLY EFFECTIVE MARCH 1, 2018 -SEC FILING​.  Full Article

Ally Financial Names Jenn Laclair CFO Designate With Intent To Succeed Chris Halmy
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Ally Financial Inc ::ALLY FINANCIAL NAMES JENN LACLAIR CHIEF FINANCIAL OFFICER DESIGNATE WITH INTENT TO SUCCEED CHRIS HALMY.ALLY FINANCIAL INC - HALMY WILL RETIRE AS CHIEF FINANCIAL OFFICER EFFECTIVE MARCH 1, 2018​.  Full Article

Appaloosa Lp dissolves share stake in Nucor, Delta Air Lines
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Appaloosa Lp: :Appaloosa Lp ups share stake in Ally Financial Inc to 6.8 million shares from 1.1 million shares - SEC filing‍​.Appaloosa Lp dissolves share stake in Southwestern Energy Co.Appaloosa Lp dissolves share stake in Nucor Corp.Appaloosa Lp dissolves share stake in Delta Air Lines.Appaloosa Lp - Change in holdings are as of Sept 30, 2017 and compared with previous quarter ended as of June 30, 2017​.  Full Article

Ally Financial reports qtrly EPS of $0.63, qtrly adj EPS $0.65​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Ally Financial Inc :Ally Financial reports third quarter 2017 financial results.Ally Financial Inc - qtrly EPS $0.63, qtrly adjusted EPS $0.65 ‍​.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Ally Financial Inc - return on equity as of Q3 end 8.3 percent versus 7.5 percent at Q2 end‍​.Ally Financial Inc - qtrly net interest margin (NIM) of 2.74 percent, up 5 bps.Ally Financial Inc - core ROTCE as of Q3 end 10.3 percent versus 9.6 percent at Q2 end‍​.Ally Financial Inc - qtrly net financing revenue of $1.08 billion versus $996 million.Ally Financial Inc - auto originations for the quarter totaled $8.1 billion, down from $9.3 billion a year ago.  Full Article

Ally financial says provides summary of 2017 mid-cycle stress test results
Thursday, 5 Oct 2017 

Oct 5 (Reuters) - Ally Financial Inc :Ally Financial Inc says is providing summary of 2017 mid-cycle stress test results under the severely adverse scenario - SEC filing.Ally Financial says in severely adverse scenario, co’s stress results show about $2.9 billion pre-tax net loss over nine-quarter planning horizon‍​.Ally Financial-projected credit losses total $4.6 billion for total loan portfolio over 9-quarter planning horizon as per stress test results.Ally Financial - stress test results were submitted to Fed on Oct 5 & cover 9-quarter planning horizon starting Q3 2017 & continuing through Q3 2019‍​.  Full Article

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Federal Reserve unveils proposal to ease regulations for larger banks

WASHINGTON The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses.