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Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday.
Sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit card issuer and servicer CHARLOTTE, N.C. and WOODBURY, N.Y.
CHARLOTTE, N.C. , Jan. 22, 2025 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its fourth quarter and full year 2024 results.
Ally Financial (ALLY 3.38%) became a standalone company in 2014 when it was spun off from General Motors (GM 5.73%). This is actually pretty important because it speaks to Ally Financial's business model of making auto loans.
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.