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Last $22.27 USD
Change Today -0.195 / -0.87%
Volume 904.0K
ALLY On Other Exchanges
Symbol
Exchange
New York
As of 11:48 AM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Key Developments

Mathew Pendo Intends to Resign from the Board of Ally Financial Inc

On June 9, 2015, Mathew Pendo, a director of Ally Financial Inc. announced that he has informed the board of directors of the company of his decision to resign from the board, effective June 12, 2015.

General Electric To Sell Its US Lending Assets

General Electric Company (NYSE: GE) has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, a source familiar with the situation said. GE spokesman declined to comment. U.S. Bancorp (NYSE:USB), Wells Fargo & Company (NYSE:WFC), Ally Financial Inc. (NYSE:ALLY), General Electric Company (NYSE:GE), The Toronto-Dominion Bank (TSX:TD), Capital One Financial Corporation (NYSE:COF) and CIT Group Inc. (NYSE:CIT) are among the potential bidders for the GE assets, the paper said, citing people familiar with the matter. GE is working with Credit Suisse Group AG and Goldman Sachs Group Inc on the sale, while J.P. Morgan Chase & Co is overseeing all of the sales processes, according to the source.

Ally Financial Inc. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 09:10 AM

Ally Financial Inc. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 09:10 AM. Venue: The Waldorf-Astoria Hotel, 301 Park Avenue at 50th Street, New York City, New York, United States. Speakers: Jeffrey J. Brown, Chief Executive Officer and Director.

Ally Financial Inc. Announces the Early Results of Cash Tender Offers and Increases Aggregate Maximum Tender Amount

Ally Financial Inc. announced the early results of its previously announced cash tender offers to purchase, pursuant to the terms and conditions as described in an Offer to Purchase, dated May 14, 2015, and related Letter of Transmittal, up to $700,000,000 aggregate principal amount of the following series of notes issued by Ally: 8.000% Senior Guaranteed Notes due 2020; 7.500% Senior Guaranteed Notes due 2020; 8.000% Senior Notes due 2031, provided that Ally will accept for purchase no more than $150,000,000 aggregate principal amount of 2031 Notes in the Tender Offers; 5.500% Senior Guaranteed Notes due 2017; and 6.250% Senior Guaranteed Notes due 2017. Ally also announced that it increased the aggregate maximum principal amount of Notes that may be accepted for purchase in the Tender Offers from $700,000,000 to $875,000,000. This announcement amends the Offer Documents with respect to the Aggregate Maximum Tender Amount. All other terms and conditions of the Tender Offers described in the Offer Documents remain unchanged. According to information received from Global Bondholder Services Corporation (GBSC), the Depositary and Information Agent for the Tender Offers, as of 5:00 p.m., New York City time, on May 28, 2015, Ally had received valid tenders from holders of the Notes as outlined in the tables below. The 'Early Settlement Date' will be determined at Ally's option and is currently expected to occur on June 1, 2015. 8.000% Senior Guaranteed Notes due 2020 has Aggregate Principal Amount Outstanding is $1,352,537,000, out of which $369,544,000 Principal Amount Tendered for purchase. The company Accepted $369,544,000 with 100% Proration Factor. Total Consideration is $1,187.50 for $1,000 Principal Amount of Notes. 7.500% Senior Guaranteed Notes due 2020 has Aggregate Principal Amount Outstanding is $897,461,000, out of which $421,409,000 Principal Amount Tendered for purchase. The company Accepted $421,409,000 with 100% Proration Factor. Total Consideration is $1,177.50 for $1,000 Principal Amount of Notes. 8.000% Senior Notes due 2031 has Aggregate Principal Amount Outstanding is $596,540,000, out of which $143,911,000 Principal Amount Tendered for purchase. The company Accepted $84,047,000 with 58.46% Proration Factor. Total Consideration is $1,292.50 for $1,000 Principal Amount of Notes. 5.500% Senior Guaranteed Notes due 2017 has Aggregate Principal Amount Outstanding is $1,500,000,000, out of which $118,847,000 Principal Amount Tendered for purchase. The company Accepted $0. 6.250% Senior Guaranteed Notes due 2017 has Aggregate Principal Amount Outstanding is $1,000,000,000, out of which $78,885,000 Principal Amount Tendered for purchase. The company Accepted $0.

Ally Financial Inc. Approves Amended and Restated Certificate of Incorporation

Ally Financial Inc. at its annual meeting of stockholders held on May 28, 2015, approved protective amendment to the company's Amended and Restated Certificate of Incorporation and the company's existing tax Asset protection plan.

 

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ALLY Competitors

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Industry Analysis

ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings 17.2x
Price/Sales 1.6x
Price/Book 0.7x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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