Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $19.95 USD
Change Today -0.44 / -2.16%
Volume 4.8M
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Key Developments

Lawsuit Files in Washington County Circuit Court against Natasha Fletcher, Honda of Fayetteville, Landers Honda North, Fayetteville Autoplex, Ally Financial Inc. and Ally Financial Lease Trust

A lawsuit filed in Washington County Circuit Court alleges some car dealers and financing companies in Northwest Arkansas are charging customers more interest than the law allows. The suit was filed on behalf of Natasha Fletcher and names UAG Fayetteville II, doing business as Honda of Fayetteville, Landers Honda North and Fayetteville Autoplex, also known as Fayetteville Auto Park. It also names Ally Financial Inc., doing business as Ally Financial and Ally Financial Lease Trust. The suit asks for rulings on whether the terms of the financing agreements violate Arkansas usury laws or the Arkansas Deceptive Trade Practices Act and whether customers are entitled to a refund of their money. The suit contends Fletcher bought and financed a used 2011 Honda Insight from Fayetteville Autoplex in June 2013 and was charged 18.15% interest. The suit asks a judge to establish a class made up of Arkansas customers who signed similar contracts with UAG and declare Fletcher's contract, along with those of other class members, void as to both principal and interest. The complaint says there could be hundreds, if not thousands, of customers who were charged an illegal interest rate.

Ally Financial Declares Dividends on Preferred Stock, Payable on May 15, 2015

Ally Financial Inc. has declared quarterly dividend payments for certain outstanding preferred stock. Each of these dividends were declared by the board of directors on April 1, 2015, and are payable on May 15, 2015. A quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of $22 million, or $17.11 per share, and is payable to shareholders of record as of May 1, 2015. Additionally, a dividend payment was declared on Ally's Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of $21.7 million, or $0.53 per share, and is payable to shareholders of record as of May 1, 2015.

Ally Financial to Relocate Headquarters to New Ally Detroit Center

Ally Financial plans to establish its new headquarters in the landmark One Detroit Center office tower, which is to be renamed Ally Detroit Center. Ally plans to relocate its current headquarters in the Renaissance Center as well as its other Southeast Michigan offices into one unified Michigan headquarters into the office tower that is to bear its name. The company plans to move 700 team members currently working in Detroit to Ally Detroit Center along with an additional 600 team members from its four other Southeast Michigan locations beginning in the spring of 2016. In addition, the company plans to employ approximately 200 independent third party contractors and vendors in Detroit.

Ally Financial Inc. Announces Executive Changes

Ally Financial announced that it has promoted a Charlotte-based executive to head the company's Internet-based banking subsidiary. Diane Morais' most recent role with Ally Bank included overseeing its deposits business. She replaces the bank's former CEO and president, Barbara Yastine, who announced her resignation. Yastine was based in New York. Morais will continue to be based in Charlotte, where Ally Financial CEO Jeffrey Brown is also based. Ally, formerly the financing arm of General Motors, is a large auto lender. But the company also runs Ally Bank, which is online-only and has no branches. Brown, who was promoted to CEO last month, is looking to do more business with existing customers, such as providing auto loans to customers of Ally Bank.

Ally Financial Inc. Announces Renewal of $12.5 Billion in Credit Facilities

Ally Financial Inc. announced that it has completed the renewal of $12.5 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 18 lenders. The secured facilities represent an increase of $1 billion from the prior lines and can be used to fund consumer and commercial automotive assets. The $12.5 billion funding capacity is comprised of two facilities, both maturing in March 2017, an $8 billion facility, which is available to the parent company and a second $4.5 billion facility available to Ally Bank.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ALLY:US $19.95 USD -0.44

ALLY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Banco Santander Brasil SA R$6.55 BRL +0.10
Citizens Financial Group Inc $25.57 USD -0.07
CIC €190.30 EUR -0.10
Huntington Bancshares Inc/OH $10.79 USD -0.15
KeyCorp $14.23 USD -0.11
View Industry Companies
 

Industry Analysis

ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings 14.6x
Price/Sales 1.5x
Price/Book 0.7x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ALLY FINANCIAL INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.