July 28, 2016 2:42 PM ET

Consumer Finance

Company Overview of Ally Financial Inc.

Company Overview

Ally Financial Inc., a diversified financial services company, provides a range of financial products and services primarily to automotive dealers and their retail customers in the United States. It offers dealer financial services, including a range of financial services and insurance products to automotive dealers and retail customers. The company also provides automotive finance services for dealers, such as new and used vehicle inventory financing; inventory insurance; term loans, including real estate and working capital loans; and vehicle remarketing services, as well as vehicle service contracts (VCSs) and guaranteed automobile protection (GAP) products. In addition, it offers retail ...

200 Renaissance Center

PO Box 200

Detroit, MI 48265

United States

Founded in 1919

7,100 Employees

Phone:

866-710-4623

Key Executives for Ally Financial Inc.

Chief Executive Officer and Director
Age: 55
Total Annual Compensation: $2.6M
Chief Financial Officer
Age: 48
Total Annual Compensation: $1.3M
Chief Executive Officer of Ally Bank and President of Ally Bank
Total Annual Compensation: $1.3M
President of Auto Finance
Total Annual Compensation: $1.4M
Consultant
Age: 69
Compensation as of Fiscal Year 2015.

Ally Financial Inc. Key Developments

Ally Financial Inc. Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2016; Reports Consolidated Net Charge-Offs for the Second Quarter Ended June 30, 2016

Ally Financial Inc. reported consolidated earnings results for the second quarter ended June 30, 2016. For the quarter, the company’s total net revenue was $1,358 million against $1,127 million a year ago. Pre-tax income from continuing operations was $413 million against $263 million a year ago. Net income was $360 million against $182 million a year ago. Net income available to common was $345 million against loss of $1,069 million a year ago. Earnings per share – basic and diluted were $0.71 against loss of $2.22 a year ago. Adjusted earnings per share were $0.54 against $0.46 a year ago. Book value per share was $28.1 against $29.7 a year ago. Tangible book value per share was $27.6 against $27.9 million a year ago. Adjusted tangible book value per share was $25.9 against $23.7 a year ago. Return on average assets was 0.9% against 0.5% a year ago. Return on average total equity was 10.4% against 4.8% a year ago. Core pre-tax income was $431 million against $435 million a year ago. Core net income available to common shareholders was $263 million against $224 million a year ago. For the quarter, the company's net charge-offs was $152 million against $100 million a year ago.

Ally Financial Inc. Declares Quarterly Cash Dividend, Payable on August 15, 2016

The Board of directors of Ally Financial Inc. has declared a quarterly cash dividend of USD 0.08 per share of the company's common stock. The dividend is payable on August 15, 2016 to shareholders of record at the close of business on August 1, 2016.

Ally Financial, Detroit Water Ice Factory Launch New Flavor to Support S.A.Y. Detroit

Ally Financial and The Detroit Water Ice Factory have released a new water ice flavor called Ally Caring Coconut, with proceeds going to benefit the local Detroit community. As part of its 313 Pledge, Ally will donate USD 3.13 to local nonprofit S.A.Y. Detroit for every purchase of Ally Caring Coconut. S.A.Y Detroit provides help, shelter, food, medical care and education to those in need. Ally's relationship with Detroit Water Ice began earlier this year in conjunction with the company's move to Ally Detroit Center, in Detroit's business district. The new Ally Caring Coconut flavor debuted during the 58th annual fireworks display in downtown Detroit to symbolize Ally's continued commitment to the city.

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