Company Overview of Ally Financial Inc.
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
Founded in 1919
Key Executives for Ally Financial Inc.
Chief Executive Officer and Director
Total Annual Compensation: $2.6M
Chief Financial Officer
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
Compensation as of Fiscal Year 2015.
Ally Financial Inc. Key Developments
Ally Financial Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2016
Jan 31 17
Ally Financial Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the year, the company reported total other revenue of $1,530 million against $1,142 million a year ago. Pre-tax income from continuing operations was $1,581 million against $1,393 million a year ago. Net income was $1,067 million against $1,289 million a year ago. Net income available to common was $1,037 million against loss of $1,282 million a year ago. GAAP diluted EPS was $2.15 against loss of $2.66 a year ago. Adjusted EPS was $2.16 against $2.00 a year ago. Return on equity was 8.0% against 8.9% a year ago. Pre-tax income from continuing operations was due to continued strong contributions from lending businesses which were supported by strong deposit growth. Core net income available to the common was $1,043 million against $967 million a year ago.
For the quarter, the company reported total other revenue of $392 million against $356 million a year ago. Pre-tax income from continuing operations was $380 million against $431 million a year ago. Net income was $248 million against $263 million a year ago. Net income available to common was $248 million against loss of $953 million a year ago. GAAP diluted EPS was $0.52 against loss of $1.97 a year ago. Adjusted EPS was $0.54 against $0.52 a year ago. Return on equity was 7.4% against 7.4% a year ago. Adjusted tangible book value per share was $26.2 against $24.6 a year ago.
For the quarter, the company reported net charge-offs of $257 million against $198 million a year ago.
Ally Financial Inc. Declares Quarterly Cash Dividend on its Common Stock, Payable on Feb. 15, 2017
Jan 13 17
The board of directors of Ally Financial Inc. declared a quarterly cash dividend of $0.08 per share of the company's common stock, payable on Feb. 15, 2017 to shareholders of record on Feb. 1, 2017.
Ally Financial Inc. to Report Q4, 2016 Results on Jan 31, 2017
Jan 6 17
Ally Financial Inc. announced that they will report Q4, 2016 results at 11:01 AM, GMT Standard Time on Jan 31, 2017
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