ally financial inc (ALLY) Key Developments
Ally Financial Inc.'s Ally Corporate Finance Appoints Jim Babcock Managing Director and Head of Health Care Underwriting
Sep 9 14
Ally Financial Inc.'s unit Ally Corporate Finance appointed Jim Babcock managing director and head of health care underwriting, effective immediately. Babcock will be based in New York.
Ally Financial Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-09-2014 09:45 AM
Aug 21 14
Ally Financial Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-09-2014 09:45 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Jeffrey J. Brown, Chief Executive Officer of Dealer Financial Services Business and President of Dealer Financial Services Business, Michael A. Carpenter, Chief Executive Officer and Director.
Treasury Department To Dispose Stake In Ally Financial
Aug 14 14
The US Treasury Department said it plans to sell its remaining stake in Ally Financial, Inc. (NYSE:ALLY). A Treasury statement said the government intends to "exit" its remaining stake of 75.1 million shares "prudently balancing speed with maximizing returns." It did not offer a calendar-specific timeline.
Ally Financial Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2014
Jul 29 14
Ally Financial Inc. reported earnings results for the second quarter ended June 30, 2014. The company reported net income of $323 million, or $0.54 per diluted common share, for the second quarter of 2014 compared to net income of $227 million, or $0.33 per diluted common share, in the prior quarter, and a net loss of $927 million, or a loss of $2.73 per diluted common share, for the second quarter of 2013. The company reported core pre-tax income of $400 million in the second quarter of 2014, compared to core pre-tax income of $336 million in the prior quarter and $201 million in the comparable prior year period. Core pre-tax income, excluding repositioning items, was $417 million for the second quarter of 2014, an increase of $205 million compared to same period last year. Adjusted earnings per diluted common share for the quarter were $0.42, compared to $0.34 for the previous quarter and a loss of $0.13 for the comparable prior year period. Results for the quarter were primarily driven by strong performance from the auto finance franchise.
Ally Financial Inc. Appoints John J. Stack as Directors
Jul 18 14
Ally Financial Inc. at its annual meeting of stockholders held on July 17, 2014, approved the appointment of John J. Stack as Directors.