In a regulatory filing, Ally Financial (ALLY) disclosed last night that its CEO Michael Rhodes bought 25.6K shares of common stock on January

Buffett's financial stocks include major holdings such as American Express and Bank of America. Jefferies Financial has been his biggest winner recently, while Ally Financial is the cheapest and offers the juiciest dividend.

Ally Financial (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is actually pretty important because it speaks to Ally Financial's business model of making auto loans.

CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders as of the end of last year, Ally said. Additional terms of the deal weren’t disclosed in a Wednesday statement, but Ally paid around $750 million for the business in 2021. Bloomberg reported on the pending sale in November.

DETROIT (AP) — DETROIT (AP) — Ally Financial Inc. (ALLY) on Wednesday reported fourth-quarter earnings of $108 million. On a per-share basis, the Detroit-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 78 cents per share.

Ally Financial Inc. (NYSE ... increasing worries on the Street about the company’s credit quality. Consequently, the significantly lower-than-expected loan loss provisions are likely a key ...

Ally Financial (ALLY) stock jumped 8.6%in Wednesday premarket trading after the lender posted stronger-than-expected Q4 results and announced an agreement to sell its card business.

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Chain Bridge Bancorp, Inc. Class A (CBNA –

Ally Financial has agreed to sell its credit-card business to a subsidiary of credit-card servicer CardWorks for an undisclosed amount. The holding company for Ally Bank said Wednesday that ...

The Senate confirmed on Monday Scott Bessent, a Wall Street veteran and campaign ally of President Donald ... Bessent's journey to the top tier of the GOP financial world hasn't been entirely ...

Wells Fargo & Company (WFC), headquartered in San Francisco, California, is a financial services company that provides diversified banking, investment, mortgage, and consumer and commercial finance products and services.

The weak pace of loan growth is a worry, particularly for regional lenders.