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Last $22.20 USD
Change Today +0.20 / 0.91%
Volume 4.0M
ALLY On Other Exchanges
Symbol
Exchange
New York
Munich
As of 6:40 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Snapshot

Open
$22.05
Previous Close
$22.00
Day High
$22.40
Day Low
$22.00
52 Week High
05/12/14 - $25.30
52 Week Low
01/30/15 - $18.63
Market Cap
10.7B
Average Volume 10 Days
4.6M
EPS TTM
$2.02
Shares Outstanding
481.5M
EX-Date
--
P/E TM
11.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALLY FINANCIAL INC (ALLY)

ally financial inc (ALLY) Related Businessweek News

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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
Chief Financial Officer
Total Annual Compensation: $500.0K
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 2014.

ally financial inc (ALLY) Key Developments

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 16.6x
Price/Sales 1.6x
Price/Book 0.7x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
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