Ally Financial ( ALLY -0.46%) is having a strong start to 2025, with shares up by 8% for the year as of Feb 19. However, the ...

At one point Ally Financial was working on diversifying its business. That is why it offers products and services outside of auto lending. However, it doesn't really have material scale outside of the ...

Ally Financial, after struggling with loans it made during the pandemic-era auto boom, appears to be finally turning the corner as it starts 2025. The progress is partly due to improvements in the ...

Raymond Farabaugh, president of D-Patrick Inc. in Evansville, Ind. was announced as the 2025 TIME Dealer of the Year.

Ally Financial (NYSE: ALLY) is a bank. But it isn't your typical bank by any stretch of the imagination, given that it is highly focused on the auto lending space. That focus is increasingly in focus ...

Shares of Ally Financial plunged Tuesday as its chief financial officer said the company's auto loan portfolio is struggling. Delinquencies and net charge-offs were higher than expected in July ...

At its core, Ally Financial is a bank. But it isn't your typical bank, which is highlighted by the fact that it was once the auto finance arm of General Motors. Today, Ally Financial's product ...

Ally also offers a full range of financial products, including credit cards, personal loans, investments, auto financing, mortgages, and life insurance through its partnership with Ladder.

Ally Financial's heavy reliance on auto lending exposes it to potential risks associated with economic downturns and shifts in consumer behavior. The company has already increased its forecast for ...

Ally is carrying $3.7 billion of reserves or 2.73% of loans, and auto coverage is 3.78%. Ally is holding about $800 million of excess reserves beyond what it would hold in a normal economic ...

This is actually pretty important because it speaks to Ally Financial's business model of making auto loans. And, after efforts to diversify the all-digital bank, it is getting out of businesses ...