ALLY Stock Recent News

DETROIT , Jan. 17, 2025 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on February 14, 2025, to shareholders of record on January 31, 2025, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on February 15, 2025. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is payable to shareholders of record as of January 31, 2025.

If any investor has stood the test of time, it's Warren Buffett, and with good reason.

Besides Wall Street's top -and-bottom-line estimates for Ally Financial (ALLY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

Last year ended up being great for banks. The Dow Jones U.S. Banks Index gained 37%, trouncing the S&P 500's 25% gain.

Ally Financial (ALLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The financial sector had a strong year in 2024, with substantial returns for investors and significantly outperforming the broader market.

Ally Financial is set to exit the mortgage origination and credit card businesses. It intends to right-size the organization and focus on the auto business.

Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business. The company will lay off less than 5% of its workforce, Bloomberg News reported Wednesday (Jan. 8), citing a statement from an Ally spokesperson.

Berkshire Hathaway (BRK.A 0.29%) (BRK.B 0.34%) owns about 45 stocks in its $300 billion portfolio, many of which were hand-selected by CEO and legendary investor Warren Buffett himself. While there's a solid case to be made in favor of pretty much every stock Berkshire owns, there are some that look more attractive than others right now.

BTIG reiterated a Buy rating and $295 price target on Carvana (CVNA) after the company amended its Master Purchase and Sale Agreement with Ally Financial (ALLY) last Friday, extending it until January 2, 2026. The firm noted that a major part of a recent short thesis was focused on how Ally may be concerned about the credit quality of Carvana's finance receivables and how large it was as a percentage of Ally's book, with the renewal demonstrably countering those concerns. The analyst added that such recent developments have given the firm incremental confidence in its position, as it has "poked at least one hole" in the short thesis. Carvana +3.435 (+1.94%) Ally Financial +0.89 (+2.48%)