Ally Financial Inc - Company Profile
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Ally Financial Inc (Ally Financial) is a bank holding company that offers dealer finance and banking solutions. Its dealer finance solutions consist of automotive finance, mortgage finance, insurance operations, and corporate finance. The company’s banking products and services include mortgage lending, deposits, online saving, certificate of deposits, checking accounts, money market, individual retirement accounts, debit and credit cards, digital wealth management, and online brokerage. It serves retail, business and corporate clients and automotive dealers through branch offices, direct sales force, and online portals. The company operates in the US and Canada. Ally Financial is headquartered in Detroit, Michigan, the US.
Headquarters
United States of America
Address
Ally Detroit Center, 500 Woodward Ave. Floor 10, Michigan, 48226
Website
www.ally.com
Telephone
1 866 7104623
No of Employees
11,100
Industry
Financial Services
Ticker Symbol & Exchange
ALLY (NYSE)
Revenue (2023)
$16.0B
EPS
XYZ
Market Cap*
$11.3B
Net Profit Margin (2023)
XYZ
-54.5%
* As of and is in US$
Ally Financial Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Vehicle Service Contracts | Ally |
| Checking Accounts | Trading | Ally Invest |
| Savings Accounts | Foreign Exchange | Ally Premier Protection |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered into a partnership with the United States Golf Association to become a retail banking partner. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement to sell its point of sale financing business to Synchrony Financial, a consumer financial services company. |
| 2023 | Contracts/Agreements | In November, the company collaborated with HouseCanary to help customers navigate the housing market with its home search portal, ComeHome. |
Competitor Comparison
| Key Parameters | Ally Financial Inc | Fifth Third Bancorp | Citizens Financial Group Inc | Santander Consumer USA Holdings Inc | Credit Acceptance Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Detroit | Cincinnati | Providence | Dallas | Southfield |
| State/Province | Michigan | Ohio | Rhode Island | Texas | Michigan |
| No. of Employees | 11,100 | 18,724 | 17,570 | 5,576 | 2,232 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Franklin W. Hobbs | Chairman | Executive Board | 2009 | 75 |
| Russell Hutchinson | Chief Financial Officer | Senior Management | 2023 | - |
| David J. DeBrunner | Chief Accounting Officer; Controller | Senior Management | 2007 | 56 |
| Jason E. Schugel | Chief Risk Officer | Senior Management | 2018 | 49 |
| Dan Soto | Chief Compliance Officer | Senior Management | 2010 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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