Ally Financial Inc Aktie News

Ally Financial (ALLY) shares surged Wednesday after the financial firm posted fourth-quarter earnings and revenue that exceeded estimates as it cut costs, and announced it was selling its credit card business.

Ally Financial Inc. (NYSE:ALLY ) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants Sean Leary - Head of IR Michael Rhodes - CEO Russ Hutchinson - CFO Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Robert Wildhack - Autonomous Research Moshe Orenbuch - TD Cowen Mark DeVries - Deutsche Bank Operator Good day, and thank you for standing...

Ally Financial has sold its credit card business to consumer finance company Cardworks. The deal, announced in a news release Wednesday (Jan. 22), will see CardWorks and its subsidiary Merrick Bank acquire Ally's credit card portfolio of $2.3 billion in credit card receivables and 1.3 million active cardholders.

The new year can be a time to reevaluate your portfolio. Did you buy too many high-risk stocks that did poorly in 2024?

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.