Ally Financial Inc. (ALLY^B) stock prices updated...

Ally Financial Inc. stock price

Ally Financial Inc. latest 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 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 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 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 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

  • 08/20/2017 18:32:49

    Quiet Epidemic of Suicide Claims France’s Farmers

    Isolation, physically demanding work and financial pressures are pushing farmers to despair, even as the authorities and associations try to help.

  • 08/11/2017 10:15:04

    Westlake Emerges as Preferred Subprime Lender for CARite

    Westlake Financial Services is the new leading provider of subprime and near-prime retail contract loans at CARite dealerships through a strategic partnership announced in a joint press release Thursday. Westlake snagged the preferred subprime lender slot over two larger players in the space. Ally Financial Inc. and Capital One AutoRead More

  • 08/09/2017 13:51:01

    Snap and Blue Apron stock rally does not appear to be short covering

    Though Snap Inc. and Blue Apron Holdings Inc. stocks are rallying ahead of both of their earnings reports Thursday, it does not appear to be the result of a large amount of investors covering short positions. Shares of Blue Apron were up 5.7% Wednesday afternoon and Snap shares were up 3.7%. According to S3 Partners, a financial analytics firm, short interest in both stocks has remained "relatively stable" as of late, with 12.4 million Blue Apron shares being shorted Wednesday, on the low end of its average 12.4 to 13.3 million shares that have been shorted since the last week of July. Blue Apron has a limited supply of stock available to short, but Ihor Dusaniwsky, managing director of predictive analytics at S3, says investors appear to be holding on to their positions despite borrow fees as high as 70% Wednesday. For Snap, the number of shares shorted have been "relatively stable since mid-June," according to S3, with a range of 67 million to 71 million shares. On Wednesday, 70.2 million shares were shorted, even as Snap shares come relatively cheap. "We are seeing shares shorted remaining stable even though financing rates have dropped drastically," Dusaniwsky said. Shares of Snap have fallen 21% in the past month and Blue Apron shares have fallen 18%, while the S&P 500 has gained 2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 08/04/2017 12:49:54

    Wells Fargo's stock takes a dive after news that unauthorized accounts created could be more than expected

    Wells Fargo & Co.'s stock took a dive in afternoon trade Friday, after the bank disclosed that the number of authorized accounts created during the customer account scandal could be a lot higher than previously thought. The stock was down about 0.2% a little after 2:00 p.m. ET, then tumbled to be down as much as 2.8%, before recovering slightly to be down 1.1% in recent trade. In a filing with the Securities and Exchange Commission, the bank stated that a review of sales practices, which is expected to completed by the end of the third quarter, "may lead to a significant increase in the identified number of potentially unauthorized accounts." Wells Fargo said it expanded the review period to January 2011 through September 2016 from May 2011 to mid-2015, and will perform a voluntary review of accounts from 2009 to 2010. The bank also disclosed that the board of directors is reviewing its structure, composition and practices, and will announce actions to take in the third quarter. The stock has lost 4.2% year to date, while the SPDR Financial Select Sector ETF has climbed 9.1% and the S&P 500 has gained 10.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 08/03/2017 15:31:10

    Microsoft joins Facebook and Alphabet in move to GAAP reporting

    Microsoft Corp. announced on a conference call Thursday afternoon that it will move to all GAAP reporting in its new fiscal year, a move that fellow tech giants like Facebook Inc. and Alphabet Inc. have also made recently. Microsoft conducted the earnings call to go over the changes to its financial reporting that will result from new revenue-recognition rules, which Microsoft is adopting earlier than most companies. The Securities and Exchange Commission has been cracking down on companies' use of non-GAAP earnings, and tech companies appear to be moving away from those metrics, which typically strip out stock-based compensation and other effects to present healthier profit numbers. Microsoft also restated financial performance for the 2017 and 2016 fiscal years with the changes that the new revenue-recognition rules will bring in order for easier comparisons. Microsoft stock was unchanged in late trading, and has gained 16.1% so far this year, outperforming the 10.7% gain for the S&P 500 index. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 08/02/2017 10:41:14

    Ally to Shore Up Digital Experience, Post TRED Partnership

    Ally Financial Inc. is focusing on delivering “superior service” and its value proposition to digital dealers through TRED, following the lender’s recent partnership with the online-used car marketplace, Doug Timmerman, president of Ally Insurance, told Auto Finance News. “We are focused on how do we really best deliver on ourRead More

  • 07/27/2017 10:41:26

    Ally’s Originations Decline, but Expects Stabilization in 2018

    Ally Financial Inc.’s total originations dipped 8.6% in the second quarter, but the lender is expecting some stabilization in early 2018 as the company continues to phase out leases from General Motors Co., according to its second quarter earnings call. Although lease originations rose to $1.1 billion compared with $900Read More

  • 07/19/2017 10:30:50

    Moody's says it may downgrade McCormick by three notches after food deal

    Moody's Investors Service placed McCormick & Co. Inc.'s A2 rating on review for a possible three-notch downgrade Wednesday, after the company unveiled plans to acquire Reckitt Benckiser Group Plc.'s food division for $4.2 billion. If the deal closes as currently outlined, it will involve a significant amount of debt that will raise McCormick's leverage and send its debt/EBITDA ratio to about 5.4 times, said the rating agency. McCormick would actually use $3.7 billion of debt to fund the deal and it would take it several years to come back to its pre-deal credit profile. "McCormick is acquiring iconic, market leading brands with higher profitability than its existing business, but is tripling its debt to do so" said Dominick D'Ascoli, Vice President - Senior Analyst at Moody's. "This significant increase in financial leverage overshadows the benefits of the acquisition and results in a credit profile that is no longer consistent with its prior rating." McCormick shares slid 5.2% on the news. The S&P 500 was up 0.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 07/13/2017 12:12:12

    Occidental Petroleum raises dividend by a penny

    Occidental Petroleum Corp. said Thursday it will raise its quarterly dividend by a penny, or 1.3%, to 77 cents share. The oil and gas exploration company said the new dividend will be payable Oct. 16 to shareholders of record on Sept. 11. At current stock prices, the new annual dividend rate of $3.08 a share implies a dividend yield of 5.20%, compared with the SPDR Energy Select Sector's yield of 2.59% and the S&P 500's implied yield of 1.99%. "The dividend increase reflects our commitment to growing Occidental's dividend annually for our shareholders, and our confidence in the company's financial strength and future performance," said Occidental Chairman Eugene Batchelder. The stock, which inched up 0.1% in afternoon trade, has dropped 17% year to date, while the energy ETF has lost 14% and the S&P 500 has gained 9.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 06/28/2017 14:49:31

    BRIEF-Ally announces non-objection to 2017 capital plan

    * Ally Financial Inc - capital plan includes $0.04 increase in quarterly cash dividend on common stock from $0.08 per share to $0.12 per share, expected to begin in q3 2017

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