ALLY Stock Recent News

This Buffett holdings list from Kiplinger first appeared 11/14/23 on the BKH SEC Form 13F. Kiplinger, YCharts, and Dogs of the Dow all track this BKH batch. Here is your. 27 of 45 current BKH-owned stocks pay dividends. As of 1/25/24, the top-ten ranged 2.5%-4.29% by annual yield and 34 of 45 ranged -11.35% to 56.06% by broker-estimated target price upsides. Analyst-augured top-ten net gains from Buffett's January dividend dogs ranged 11.13%-22.07% from KR, KO, DEO, OXY, TMUS, BAC, DHI, C, JEF, and CVX per YCharts data.

In 2022, Berkshire Hathaway started buying shares of the all-digital bank and lending services company Ally Financial. Ally's stock doesn't stand out as a particularly appealing value play based on its core financial metrics.

Ally continues to expand its deposit base, which provides it with a low-cost and sticky source of funding. Management has focused on aggressively reducing the bank's share count through buybacks.

Ally Financial (ALLY) records a decline in revenues in the fourth quarter of 2023.

With an aim to focus on core business, Ally Financial (ALLY) announces a deal to divest, Ally Lending, its POS financing business to Synchrony (SYF).

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally's point-of-sale financing business.  This acquisition includes $2.2 billion of loan receivables and relationships with 2,500 merchant locations and 450,000 active borrowers, the companies said in a Friday (Jan. 19) press release.

Ally Financial's consumer banking operation has performed a lot better than its stock price over the past couple of years. The company has raised its dividend payout 76% over the past five years, and still offers an above-average yield.

Ally Financial (ALLY) shares jumped Friday as the company posted better-than-expected results and announced it was selling its point-of-sale financing arm to Synchrony Financial (SYF).

Ally is going through a CEO transition in a challenging operating environment but has generated results that should reassure investors. The company is also selling a point-of-sale financing business to focus on its core operations.

Ally Financial Inc.'s stock was up nearly 10% during the trading session on Friday — its best one-day rise in nearly a year — after the bank's earnings beat Wall Street estimates and the bank agreed to sell its point-of-sale financing business to Synchrony Financial.