Last $23.46 USD
Change Today +0.04 / 0.17%
Volume 2.2M
ALLY On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

ally financial inc (ALLY) Snapshot

Open
$23.72
Previous Close
$23.42
Day High
$23.81
Day Low
$23.43
52 Week High
03/28/14 - $27.90
52 Week Low
10/15/14 - $19.42
Market Cap
11.3B
Average Volume 10 Days
2.6M
EPS TTM
$1.64
Shares Outstanding
479.8M
EX-Date
--
P/E TM
14.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALLY FINANCIAL INC (ALLY)

ally financial inc (ALLY) Related Businessweek News

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ally financial inc (ALLY) Details

Ally Financial Inc., an automotive financial services company, provides an array of financial products and services to automotive dealers and their customers in the United States. The company offers various automotive finance services, such as new and used vehicle inventory financing; inventory insurance; term loans, including real estate and working capital loans; and vehicle remarketing services to dealers, as well as service contracts and guaranteed automobile protection (GAP) products. It also provides retail automotive financing for new and used vehicles, and leasing for new vehicles; consumer financial and insurance products, such as vehicle service contracts, maintenance coverage, and GAP products; commercial insurance products; and senior secured commercial-lending products. In addition, the company, through its subsidiary, Ally Bank, offers savings and money market accounts, certificates of deposit, interest-bearing checking accounts, and individual retirement accounts; and online and mobile banking, electronic bill pay, remote deposits, electronic funds transfer, and ATM fee reimbursement services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.

7,100 Employees
Last Reported Date: 04/11/14
Founded in 1919

ally financial inc (ALLY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: --
President and Head of Global Automotive Servi...
Total Annual Compensation: $600.0K
Chief Executive Officer of ResCap
Total Annual Compensation: $6.2M
Chief Executive Officer of Dealer Financial S...
Total Annual Compensation: $600.0K
Chairman of Ally Bank, Chief Executive Office...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2013.

ally financial inc (ALLY) Key Developments

Ally Financial Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2014

Ally Financial Inc. reported earnings results for the third quarter ended September 30, 2014. Net income was $423 million, or $0.74 per diluted common share, for the third quarter of 2014 compared to net income of $323 million, or $0.54 per diluted common share, in the prior quarter, and net income of $91 million, or a loss of $0.27 per diluted common share, for the third quarter of 2013. The company reported core pre-tax income of $467 million in the third quarter of 2014, compared to core pre-tax income of $400 million in the prior quarter and $269 million in the comparable prior year period. Adjusted earnings per diluted common share for the quarter were $0.53, compared to $0.42 for the previous quarter and $0.05 for the comparable prior year period. Results for the quarter were driven by continued strong performance from the auto finance franchise. Book value to around $29 per share.

Ally Financial Declares Quarterly Dividend on Preferred Stock, Payable on Nov. 17, 2014

Ally Financial Inc. has declared quarterly dividend payments for certain outstanding preferred stock. Each of these dividends were declared by the board of directors on Oct. 16, 2014, and are payable on Nov. 17, 2014. A quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of $46.1 million, or $17.89 per share, and is payable to shareholders of record as of Nov. 1, 2014. Additionally, a dividend payment was declared on Ally's Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of $21.7 million, or $0.53 per share, and is payable to shareholders of record as of Nov. 1, 2014.

Ally Financial Announces the Early Results of Cash Tender Offers to Purchase Portion of its Outstanding 8.000% Senior Notes Due 2031

Ally Financial Inc. announced the early results of its previously announced cash tender offers to purchase a portion of its outstanding 8.000% Senior Notes due 2031 (CUSIP No. 370425RZ5) (the 8.000% Senior Notes), 8.000% Senior Guaranteed Notes due 2020 (CUSIP Nos. 02005NAE0; 36186RAA8; U36195AA0) (the 8.000% Senior Guaranteed Notes) and 7.500% Senior Guaranteed Notes due 2020. On Sept. 24, 2014, Ally commenced the Tender Offers in accordance with the terms and conditions described in an offer to purchase, dated Sept. 24, 2014, and a related Letter of Transmittal. Ally also announced that it increased the maximum aggregate principal amount of the Tender Offers from $700,000,000 to $750,002,000, subject to the Maximum Tender Amount for each series of Notes set forth in the table below, which in the case of the 8.000% Senior Guaranteed Notes and the 7.500% Senior Guaranteed Notes has been increased from the previously announced Maximum Tender Amount for such series. This announcement amends the Tender Offer Materials with respect to the Aggregate Maximum Tender Amount and in the case of the 8.000% Senior Guaranteed Notes and the 7.500% Senior Guaranteed Notes, with respect to the Maximum Tender Amount for each such series. All other terms and conditions of the Tender Offers described in the Tender Offer Materials remain unchanged. Ally also announced that it intends to accept for purchase $750,002,000 aggregate principal amount of Notes, being the increased Aggregate Maximum Tender Amount validly tendered on or before the Early Tender Date. Because the aggregate principal amount validly tendered (and not validly withdrawn) as of the Early Tender Date for each series of Notes exceeds the applicable Maximum Tender Amount for each such series, Notes accepted for purchase will be subject to proration based on the terms described in the Tender Offer Materials utilizing the applicable approximate proration factor set forth in the table above. In addition, because the Tender Offers were each fully subscribed as of the Early Tender Date, holders who validly tender Notes after such date and on or before the Expiration Date will not have any of their Notes accepted for purchase, unless Ally further increases the Aggregate Maximum Tender Amount and the Maximum Tender Amount for one or more series of Notes. Ally reserves the right, but is under no obligation, to further increase the Aggregate Maximum Tender Amount or the Maximum Tender Amount with respect to any series of Notes at any time, subject to compliance with applicable law. The Tender Offers are subject to the conditions described in the Tender Offer Materials. However, the financing condition described in the Tender Offer Materials was satisfied on Sept. 29, 2014, upon Ally's consummation of a new debt financing in an aggregate principal amount of $1,000,000,000. Full details of the terms and conditions of the Tender Offers are set forth in the Tender Offer Materials, which are available from GBSC. Ally may amend, extend or, subject to applicable law, terminate the Tender Offers at any time.

 

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ALLY

Industry Average

Valuation ALLY Industry Range
Price/Earnings 61.2x
Price/Sales 2.0x
Price/Book 0.9x
Price/Cash Flow 0.3x
TEV/Sales NM Not Meaningful
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