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Last $22.63 USD
Change Today -0.05 / -0.22%
Volume 3.4M
ALLY On Other Exchanges
Symbol
Exchange
Munich
As of 4:15 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Key Developments

Ally Financial Inc. Announces Cash Tender Offers

Ally Financial Inc. announced that it has commenced cash tender offers to purchase up to $700,000,000 aggregate principal amount of the following series of notes issued by Ally: 8.000% Senior Guaranteed Notes due 2020 (the "8.000% Senior Guaranteed Notes"); 7.500% Senior Guaranteed Notes due 2020 (the "7.500% Senior Guaranteed Notes"); 8.000% Senior Notes due 2031 (the "2031 Notes"); 5.500% Senior Guaranteed Notes due 2017 (the "5.500% Senior Guaranteed Notes"); and 6.250% Senior Guaranteed Notes due 2017 (the "6.250% Senior Guaranteed Notes" and, together with the 8.000% Senior Guaranteed Notes, the 7.500% Senior Guaranteed Notes, the 2031 Notes and the 5.500% Senior Guaranteed Notes, the "Notes"). In addition to the Aggregate Maximum Tender Amount, no more than $150,000,000 aggregate principal amount of the 2031 Notes will be purchased in the Tender Offers (subject to increase by Ally, the "Tender Cap").

Aston Martin and Ally Financial Announces New Alliance Launching Closed Ended Lease and Retail Finance Program

Aston Martin The Americas and Ally Financial announced a new alliance launching a closed ended lease and retail finance program to U.S customers. Ally has been named as the preferred financing source for the British luxury car company and will offer its full suite of automotive financial products and services at Aston Martin's network of 37 dealerships in the United States. This will enable customers across the country to take advantage of attractive lease payments on a new Aston Martin. Through the agreement Ally will make available its premium services and comprehensive product offerings such as retail and lease financing to Aston Martin's U.S dealership network. Ally will also offer wholesale financing and remarketing services to U.S. dealers. The agreement extends to all core Aston Martin sports cars - from the agile and sporting V8 and V12 Vantage to the company's renowned GT cars; DB9, four-door Rapide S and Vanquish. Financial packages available from Aston Martin include access to competitive financing rates on 200 mph Aston Martins including the extreme performance model; V12 Vantage S from less than $1,900 per month and the four-door grand tourer; Rapide S from less than $2,300 per month.

Ally Financial Inc. to Provide Premium Services and Comprehensive Product Offerings, Including Retail and Lease Financing, Wholesale Financing, Re-Marketing and Insurance Offerings to Mitsubishi Motors North America, Inc

Ally Financial Inc. said Mitsubishi Motors North America Inc. has named it the preferred financing source for Mitsubishi Motors in the US. Through the agreement, Ally will provide its premium services and comprehensive product offerings, including retail and lease financing, wholesale financing, re-marketing and insurance offerings, at Mitsubishi's nearly 380 dealerships across the US. Mitsubishi Motors dealers will also be able to leverage Ally's education and training programs, customized marketing benefits and its Dealer Service Center, available seven days a week. The agreement with Ally replaces the MMNA brand's captive finance company, Mitsubishi Motors Credit of America Inc., broadening the existing relationship between Ally and MMNA.

Ally Financial Plans to Close its Wichita Call Center

Ally Financial plans to close its Wichita call center. The closure will affect about 200 employees. A couple of the company's Minnesota call centers have leases that are up, and those centers are going to consolidate into one site. There's also a call center in Jacksonville, Fla. The Wichita call center will be absorbed into those two locations. Phased reductions will begin in September.

Ally Financial Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

Ally Financial Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $576 million and $1.06 per diluted common share compared to net income of $177 million and $0.23 per diluted common share in the prior quarter and net income of $227 million and $0.33 per diluted common share for the same period last year. The company reported core pre-tax income excluding repositioning items entirely related to the early extinguishment of high-cost legacy debt of $490 million compared to $396 million in the prior quarter and $339 million in the comparable prior year period. The company reported core pre-tax income of $299 million against $336 million a year ago. Adjusted earnings per diluted common share were $0.52 compared to $0.40 for the previous quarter and $0.34 for the comparable prior year period.

 

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Industry Analysis

ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings 17.1x
Price/Sales 1.6x
Price/Book 0.7x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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