ALLY Stock Recent News

Ally Financial (ALLY) completes the sale of its POS financing business to Synchrony (SYF). The move will allow the company to focus on core growth areas.

Ally Financial has weathered the volatility that has plagued many regional banking stocks since last year. The auto-focused lender saw a slowdown in business amid higher interest rates and an uptick in delinquencies.

Berkshire Hathaway owns a 9.6% stake in Ally Financial. Ally's earnings have taken a hit thanks to higher interest rates and falling used car prices.

Ally Financial stock has increased over 46% since October 2023, with a dividend yield now at 3.3%. Interest rate changes and tightening of finances are expected to be catalysts for Ally's growth in 2024. ALLY's auto segment is strong, with increased loan originations and high-quality borrowers, contributing to profitability.

The company primarily invests in: Regional malls Premium outlets Mills Community/lifestyle centers Through its subsidiary partnership, it owns or has an interest in about 230 properties in the US and Asia.

Ally Financial's largest shareholder is Berkshire Hathaway. Shares are off 36% from their highs.

Ally Financial is managing the risk of its exposure to the auto market better than it's getting credit for. It may be a plain-vanilla pick, but that's actually what makes U.S. Bancorp such a compelling prospect.

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Ally Financial's all-digital offering resonates with customers, as evidenced by the impressive retention rate. With auto loans, Ally Financial is very much exposed to a single sector and product line.

Ally Financial's Stephanie Marciano, Lilia Vu, the World's No.1 golfer, and Mike Whan, U.S. Golf Association CEO, join 'Power Lunch' to discuss the new partnership between the USGA and Ally Financial.