Ally Financial Inc. stock price

Ally Financial Inc. latest news:


  • 11/16/2017 20:06:52

    Stitch Fix prices IPO at $15, below expectations

    Stitch Fix Inc. priced its initial public offering at $15 a share Thursday evening to pull in at least $120 million ahead of the online clothing seller's market debut Friday. The price was lower than the $18 to $20 range that the company originally expected, as The Wall Street Journal reported was likely earlier Thursday. At $15 a share, the company has a valuation of about $1.4 billion. Stitch Fix is selling 8 million shares in the offering, lower than the initial estimate of 10 million shares, while founder and Chief Executive Katrina Lake is selling 1 million shares; underwriters, led by Goldman Sachs and JP Morgan, have access to an additional 1.2 million shares. Financial information shared in the filing show very strong revenue gains, from net revenue of $73.2 million in its 2014 fiscal year to $342.8 million in 2015, $730.3 million in 2016 and $977.1 million in the 2017 fiscal year, which ended July 31. Stitch Fix turned a profit in its 2015 and 2016 fiscal years, $20.9 million and $33.2 million in net income respectively, but slipped back to a loss of less than $600,000 last year. The company's stock is expected to begin trading Friday on the Nasdaq exchange under the ticker symbol SFIX.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 16:37:52

    Venezuela, state oil firm default on billions worth of bonds

    The Venezuelan government and its state-owned oil company PDVSA have officially fallen into default on billions of dollars' worth of bonds, the latest chapter of the country's deep financial collapse

  • 11/16/2017 16:37:18

    Venezuela, state oil firm default on billions worth of bonds

    The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on billions of dollars' worth of bonds, the latest chapter of the country's deep financial collapse.

  • 11/08/2017 09:46:15

    Ally Boosts Carvana’s Financing to Spur Volume Growth

    Ally Financial Inc. has renewed and increased its financing deal with the online, delivery dealership Carvana on Tuesday, according to a press release. The lender agreed to fund $2 billion worth of retail contracts through the dealer’s network for the next year. In January, Ally had committed to fund $600 million worth of retail contracts […]

  • 10/26/2017 10:22:11

    Delinquencies Rise at Ally, More Hurricane Charge-Offs Expected

    Although Ally Financial Inc.’s delinquencies and charge-offs were up year over year in third-quarter earnings, the uptick was actually more muted than expected amid hurricane damages. Delinquencies were up 24 basis points to 3.05% of the company’s auto portfolio, the bank reported Wednesday. Likewise, net charge-offs grew to 1.45% ofRead More

  • 10/19/2017 13:49:10

    Subscription clothing service Stitch Fix files for IPO

    Stitch Fix Inc. , a subscription-clothing service startup, filed for an initial public offering Thursday that could test investors' appetite for subscription models after a tough first few months for Blue Apron Holdings Inc. In its filing with the Securities and Exchange Commission, Stitch Fix said it was targeting $100 million in proceeds, but that is typically a placeholder figure that will be replaced on subsequent filings. The company, which claims it is "reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment," intends to list under the ticker symbol SFIX on the Nasdaq exchange. Financial information shared in the filing show very strong revenue gains, from net revenue of $73.2 million in its 2014 fiscal year to $342.8 million in 2015, $730.3 million in 2016 and $977.1 million in the 2017 fiscal year, which ended July 31. Stitch Fix turned a profit in its 2015 and 2016 fiscal years, $20.9 million and $33.2 million in net income respectively, but slipped back to a loss of less than $600,000 last year. Goldman Sachs and J.P. Morgan will lead the offering, which will offer shares with lesser voting rights than those held by early investors and executives.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/19/2017 09:09:56

    Trump names Washington insiders to head antitrust, consumer protection agency

    WASHINGTON, Oct 19 (Reuters) - The White House formally announced on Thursday the president will nominate Washington antitrust lawyer Joseph Simons to the Federal Trade Commission, along with Rohit Chopra, a former official at the Consumer Financial Protection Bureau.

  • 10/05/2017 15:06:06

    BRIEF-Ally financial says provides summary of 2017 mid-cycle stress test results

    * Ally Financial Inc says is providing summary of 2017 mid-cycle stress test results under the severely adverse scenario - SEC filing

  • 09/22/2017 14:32:33

    FSOC discussed designation of a systemically important institution

    The Financial Stability Oversight Council said Friday it discussed the ongoing annual reevaluation of its designation of a nonbank financial company -- in all likelihood, a reference to American International Group , as media reports suggested the group of regulators would ahead of the meeting. The FSOC didn't say what, if anything, was decided. If the FSOC ruled that AIG was no longer a systemically important financial institution, the insurer would no longer be subject to federal oversight via the Federal Reserve. AIG was bailed out by the federal government during the financial crisis of 2008.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 10:05:33

    Ally, Santander Hit Hardest From Harvey, Await Irma Reports

    As analysts seek to assess auto damages in Florida after Hurricane Irma made landfall over the weekend, damage from Hurricane Harvey is coming into focus. The latest report from Morgan Stanley predicts Ally Financial and Santander Consumer USA could see earnings declines of 12% to 18%, given their high concentrationRead More

  • 09/11/2017 08:29:26

    Goldman, Apple stocks contribute 50 of Dow's 200-point rally

    The Dow Jones Industrial Average was trading firmly higher on Monday, aided by a pop in shares of Apple Inc., and Goldman Sachs Group. Shares of Goldman , up $4.04., or 1.8%, were contributing about 27 points to the price-weighted Dow . Apple Inc.'s shares added about 22 points, ahead of the Cupertino, Calif.-based tech giant's latest iPhone on Tuesday. Goldman's shares may be tied to a rise in yields, with the 10-year benchmark Treasury note at 2.11% from 2.05% late Friday in New York. Higher yields are bullish for banks' lending models. A $1 move in any Dow component equates to a 6.89-point swing in the Dow. Overall , the market was enjoying a broad-based rally power by the financial sector and technology shares , both leading gains for the S&P 500 index . Most recently, the Dow was up 210 points, or 1%, at 22,008, the S&P 500 was 0.8% higher, while the Nasdaq Composite Index was looking at a gain of 1.2% at 6,433. The rally came in part as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, reviving investor appetite. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 14:05:06

    U.S. stocks end mostly lower as financials sell off

    U.S. stock-market indexes closed marginally lower on Thursday, led by a selloff in the financial and consumer discretionary sectors. Investors were also cautious as a potentially destructive Hurricane Irma headed toward Florida after battering a number of Caribbean islands. The Dow Jones Industrial Average fell 21.83 points, 0.1%, to 21,785.12, with JPMorgan Chase & Co and Travelers Companies, Inc leading losses, down nearly 2%. The S&P 500 slipped less than a point to 2,465.10. The Nasdaq Composite index eked out marginal gains, closing 4.55 points, or less than 0.1% higher at 6,397.87. Among the best performers on Wall Street were drug companies. AbbVie, Inc jumped 6%, Bristol-Myers Squibb Co rallied 5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/06/2017 09:13:50

    Stock market holds steady after Fischer announces resignation from Fed

    U.S. stocks held on to slight gains Wednesday morning following news that Federal Reserve Vice Chairman Stanley Fischer planned to step down from his key role in the U.S. central bank. Fischer, viewed as a centrist on the Fed, is expected to leave for personal reasons as early as next month. His departure potentially leaves two of the most important positions for the Fed in play, with Chairwoman Janet Yellen not expected to extend her term when it ends in coming months. The shifts occur as the central bank is normalizing interest-rate policy and gearing up to unwind its $4.5 trillion crisis-era balance sheet, both moves could have the effect of lifting borrowing costs for individuals and U.S. corporations. The market reaction to the news has been muted so far. The Dow Jones Industrial Average was tentatively higher up 0.3% at 21,813, the S&P 500 index was 0.2% higher at 2,462, while the Nasdaq Composite Index was trading flat at 6,370. Lower borrowing costs and an era of asset-purchases in the aftermath of the 2007-'09 financial crisis has underpinned rising asset values, market participants have said. The 10-year Treasury note was little changed at 2.07%, holding its lowest level since November as lingering jitters over geopolitical tensions with North Korea hurt risk appetite and fueled buying in so-called haven assets. Meanwhile, a measure of the U.S. dollar was 0.2% lower at 92.082. The ICE U.S. Dollar Index measures the buck against a basket of six currencies. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/28/2017 08:13:32

    Ally Financial shares slip on concerns about its car loan exposure in hurricane Harvey-battered Texas

    Shares of Ally Financial Inc. were slightly lower Monday, as investors awaited assessments of the company's exposure to hurricane Harvey, given that Texas is one of the bigger states in the U.S. auto market. Texas is Ally's biggest state for retail auto loans, at about $9 billion of premiums, and commercial real estate, at about $650 million in premiums, according to research firm CreditSights, and it likely has big exposure in its $35 billion commercial loan book. Ally and the broader original equipment maker markets may actually benefit from the storm damage, as natural disasters effectively lead to a spike in the scrappage rate, or percentage of vehicles of a certain type in a given age class that are retired from use in a give year. That will pull supply from the market and drive consumers back to the lot earlier than expected, said CreditSights analyst Jesse Rosenthal. "There is precedence for this type of near-term tailwind, with used car prices bouncing in the wake of Sandy and Katrina, and could be a boost for the beaten-down industry in coming months," said Rosenthal. Ally shares have gained 19% in 2017, while the S&P 500 has gained 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/25/2017 10:34:57

    Ally, Santander Score Regulatory Wins for Investors

    Ally Financial Inc. and Santander Consumer USA both scored regulatory wins this week that impact their ability to pay back investors, which could be a signal of saturated growth in the auto finance industry. For Ally, the Federal Reserve this week released the bank from a commitment it made inRead More

  • 08/24/2017 10:18:51

    Fed Numbers Place Ally as No. 1 Lender Amid Wells Fargo’s Pullback

    For three and half years Wells Fargo Dealer Services has been the No. 1 provider of retail loans, but now that title belongs to Ally Financial Inc., according to data from the Federal Reserve. Wells Fargo held about $58 billion of outstanding retail auto loans at the end of June,Read More

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