In a regulatory filing, Ally Financial (ALLY) disclosed last night that its CEO Michael Rhodes bought 25.6K shares of common stock on January

Buffett's financial stocks include major holdings such as American Express and Bank of America. Jefferies Financial has been his biggest winner recently, while Ally Financial is the cheapest and offers the juiciest dividend.

Ally Financial (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is actually pretty important because it speaks to Ally Financial's business model of making auto loans.

CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders as of the end of last year, Ally said. Additional terms of the deal weren’t disclosed in a Wednesday statement, but Ally paid around $750 million for the business in 2021. Bloomberg reported on the pending sale in November.

Ally Financial Inc. (NYSE ... increasing worries on the Street about the company’s credit quality. Consequently, the significantly lower-than-expected loan loss provisions are likely a key ...

DETROIT (AP) — DETROIT (AP) — Ally Financial Inc. (ALLY) on Wednesday reported fourth-quarter earnings of $108 million. On a per-share basis, the Detroit-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 78 cents per share.

Ally Financial (NYSE:ALLY – Get Free Report) had its price target raised by stock analysts at Wells Fargo & Company from $32.00 to $34.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the financial services provider’s stock.

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Chain Bridge Bancorp, Inc. Class A (CBNA –

UPDATE: This article includes details from the company's chief financial officer during an interview with American Banker and comments from analysts. Ally Financial, after struggling with loans it made during the pandemic-era auto boom, appears to be ...

Ally Financial has agreed to sell its credit-card business to a subsidiary of credit-card servicer CardWorks for an undisclosed amount. The holding company for Ally Bank said Wednesday that ...

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Chief Financial Officer Jess Merten said that the deal will generate a financial book gain of about $450 million and increase deployable capital by $900 million.