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Last $22.68 USD
Change Today +0.22 / 0.98%
Volume 3.0M
ALLY On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 Renaissance Center

PO Box 200

Detroit, MI 48265

United States

Phone: 866-710-4623

Fax:

Ally Financial Inc., an automotive financial services company, provides a range of financial products and services to automotive dealers and their customers. The company’s banking subsidiary includes Ally Bank. Dealer Financial Services (which includes the company’s Automotive Finance and Insurance operations) and Mortgage are the company’s primary lines of business. The Dealer Financial Services business is centered on its relationships with automotive dealers and serves the financial needs of approximately 17,000 dealers in the United States, including 10,000 dealers outside of the General Motors Company (GM) and Fiat Chrysler Automobiles U.S. LLC (Chrysler) channels (Non-GM/Chrysler), and approximately 4.4 million of their retail customers with a range of financial services and insurance products. The company has developed relationships with dealers resulting from its relationship with GM, as well as relationships with other manufacturers, including Chrysler. In addition, the company has established relationships with Non-GM/Chrysler dealers through its customer-centric approach and specialized incentive programs. Ally Bank Ally Bank, the company’s direct banking platform, focuses on the expansion of assets and further building a stable deposit base through growing and deepening relationships with its 900,000 primary customers. Ally Bank raises deposits directly from customers through direct banking via Internet, telephone, mobile, and mail channels. Ally Bank offers a full spectrum of deposit product offerings, including savings and money market accounts, certificates of deposit, interest-bearing checking accounts, trust accounts, and individual retirement accounts. Strategy The company’s strategy is to extend its position in automotive finance in the United States by continuing to provide automotive dealers and their retail customers with premium service, a comprehensive product suite, consistent funding and competitive pricing, reflecting its commitment to the automotive industry. The company is focused on expanding profitable dealer relationships, prudent earning asset growth, and acceptable risk-adjusted returns. The company’s growth strategy continues to focus on diversifying the franchise by expanding into different products as well as strengthening its network of dealer relationships. The company also seeks to broaden and deepen the Ally Bank franchise, growing stable, quality deposits while extending its foundation of products and providing a high level of customer service. Regulations Bank Holding Company and Financial Holding Company Status: Ally and IB Finance Holding Company, LLC (IB Finance) are both bank holding companies (BHC) under the BHC Act. IB Finance is the direct holding company for the company's Federal Deposit Insurance Corporation (FDIC)-insured depository institution, Ally Bank. As a BHC, the company is subject to supervision, examination and regulation by the Board of Governors of the Federal Reserve System (FRB). The company must also comply with regulatory risk-based and leverage capital requirements, as well as various safety and soundness standards imposed by the FRB, and is subject to certain statutory restrictions concerning the types of assets or securities it may own and the activities in which it may engage. Ally Bank, the company’s banking subsidiary, is subject to supervision, examination and regulation by the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (Utah DFI). Other significant regulations that the company is subject to include the following: Fair Credit Reporting Act; Truth in Lending Act; Sarbanes-Oxley Act; USA PATRIOT Act/Anti-Money-Laundering Requirements; and Community Reinvestment Act. History Ally Financial Inc. was founded in 1919.

 

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Industry Analysis

ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings 17.0x
Price/Sales 1.6x
Price/Book 0.7x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
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