April 25, 2017 11:15 AM 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 for consumers, businesses, automotive dealers, and corporate clients in the United States. It offers dealer financial services, including automotive finance and insurance products, mortgage finance, and corporate finance. The company also provides automotive finance services for consumers and automotive dealers, such as inventory financing and leasing for new and used vehicles; term loans, including real estate, automotive fleet financing, and transportation and equipment financing; and vehicle remarketing services, as well as vehicle service contracts (VCSs) and guaranteed asse...

Ally Detroit Center

10th Floor

500 Woodward Avenue

Detroit, MI 48226

United States

Founded in 1919

7,600 Employees

Phone:

866-710-4623

Key Executives for Ally Financial Inc.

Chief Executive Officer and Director
Age: 43
Total Annual Compensation: $3.4M
Chief Financial Officer
Age: 48
Total Annual Compensation: $1.7M
President of Consumer & Commercial Banking Products for Ally Bank
Age: 50
Total Annual Compensation: $1.6M
President of Auto Finance
Age: 53
Total Annual Compensation: $1.6M
Chief Risk Officer
Age: 54
Total Annual Compensation: $900.0K
Compensation as of Fiscal Year 2016.

Ally Financial Inc. Key Developments

Ally Financial Inc. Declares Quarterly Cash Dividend, Payable on May 15, 2017

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 May 15, 2017 to shareholders of record on May 1, 2017.

Ally Financial Inc., Q1 2017 Guidance/Update Call, Mar 21, 2017

Ally Financial Inc., Q1 2017 Guidance/Update Call, Mar 21, 2017

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

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.

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