Last $20.77 USD
Change Today -0.10 / -0.48%
Volume 2.4M
ALLY On Other Exchanges
Symbol
Exchange
New York
Munich
As of 1:58 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Snapshot

Open
$20.87
Previous Close
$20.87
Day High
$21.02
Day Low
$20.56
52 Week High
03/28/14 - $27.90
52 Week Low
01/30/15 - $18.63
Market Cap
10.0B
Average Volume 10 Days
3.7M
EPS TTM
$1.64
Shares Outstanding
481.5M
EX-Date
--
P/E TM
12.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALLY FINANCIAL INC (ALLY)

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ally financial inc (ALLY) Details

Ally Financial Inc. provides financial products and services primarily to automotive dealers and their 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, 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 automotive financing for new and used vehicles, and leasing for new vehicles; consumer finance protection and insurance products, such as VSCs, maintenance coverage, and GAP products; commercial insurance products; and senior secured commercial-lending products. Further, the company, through its subsidiary, Ally Bank provides savings and money market accounts, certificates of deposit, interest-bearing checking accounts, trust accounts, individual retirement accounts; online and mobile banking, electronic bill pay, remote deposit, electronic funds transfer, and ATM fee reimbursements services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.

6,900 Employees
Last Reported Date: 02/27/15
Founded in 1919

ally financial inc (ALLY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $600.0K
Chairman of Ally Bank, Chief Executive Office...
Total Annual Compensation: $600.0K
Group Vice President and General Counsel
Total Annual Compensation: $500.0K
Consultant
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

ally financial inc (ALLY) Key Developments

Ally Financial Discloses Early Results of Tender Offers

Ally Financial Inc. announced the early results of its modified Dutch auction cash tender offers to purchase a portion of its 8.000% senior guaranteed notes due 2020, 7.500% senior guaranteed notes due 2020 and 8.000% senior notes due 2031. The maximum aggregate principal amount of the 2020 notes that Ally Financial can accept was initially $750 million, but the company increased it to $800 million. The tender cap of the 2031 notes remains at $150 million. The outstanding principal amount of 8.000% senior guaranteed notes due 2020 was about $1.60 billion. The aggregate principal amount tendered was about $1.29 billion, while the aggregate principal amount accepted was about $247.5 million. The total consideration, including the $30.00 early participation amount, was $1,215.00 per $1,000 principal amount of the notes that are accepted for purchase. The outstanding principal amount of the 7.500% senior guaranteed notes due 2020 was about $1.45 billion. The aggregate principal amount tendered was about $1.21 billion, while the aggregate principal amount accepted was about $552.5 million. The total consideration, including the early participation amount, was $1,205.00 per $1,000 principal amount of the notes that are accepted for purchase. The outstanding principal amount of the 8.000% senior notes due 2031 was about $782.5 million. The aggregate principal amount tendered was about $338.8 million, while the aggregate principal amount accepted was $150 million. The total consideration, including the early participation amount, was $1,330.00 per $1,000 principal amount of the notes that are accepted for purchase. The tender offers will each expire at 11:59 p.m. ET on March 10, unless extended. The settlement date, if necessary, for notes validly tendered after the early participation date and on or before the expiration date and which are accepted for purchase will occur promptly following the expiration date.

U.S. Armed Forces to Receive $123.4 Million from a Settlement with JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial

A total of 952 members of the U.S. armed forces will receive $123.4 million from a settlement with five mortgage servicers announced by the U.S. Justice Department. The payments will be made under a federal law protecting service members from foreclosures, in conjunction with the $25 billion nationwide mortgage settlement reached in February 2012. Under the National Mortgage Settlement, 666 service members and their co-borrowers will receive $88 million from JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial. Another $35 million already was paid out to 286 service members and their co-borrowers from Bank of America from a 2011 settlement. The lenders had been accused of violating the Service members Civil Relief Act, which prohibits non-judicial foreclosures against service members who are on or recently left active duty, and took out their mortgages before their service began. The foreclosures at issue took place between January 1, 2006 and April 4, 2012. A non-judicial foreclosure allows a bank or mortgage servicer to sell the home without having to file a lawsuit against the owner. A 'notice of default' is issued and the home is then sold at public auction. The service members will receive $125,000 plus any equity in the lost property and interest on that equity under the settlement from the lawsuit. Co-borrowers will receive compensation for any of their share of lost equity.

Ally Financial Inc. Appoints Kenneth J. Bacon to Board of Directors

Ally Financial Inc. announced that Kenneth J. Bacon has been appointed to its board of directors, effective Feb. 4, 2015. Bacon is also expected to serve on the board's risk and compliance committee. Bacon was most recently executive vice president of the multifamily mortgage business.

 

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ALLY:US $20.78 USD -0.09

ALLY Competitors

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Industry Analysis

ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings 15.4x
Price/Sales 1.6x
Price/Book 0.7x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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