Ally Financial Stock Surges

Ally Financial Stock Surges as Company Beats Profit Estimates, Sells Credit Card Business
Key Takeaways Ally Financial posted fourth-quarter earnings and revenue that topped estimates as it reduced expenses.CEO Michael Rhodes said Ally "took significant action" in the quarter to improve its finances.
Ally Financial offloads credit card business, $2.3B loan portfolio
CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders as of the end of last year, Ally said. Additional terms of the deal weren’t disclosed in a Wednesday statement, but Ally paid around $750 million for the business in 2021. Bloomberg reported on the pending sale in November.
Ally Financial stock surges after strong Q4 results, agreement to sell card business
Ally Financial (ALLY) stock jumped 8.6%in Wednesday premarket trading after the lender posted stronger-than-expected Q4 results and announced an agreement to sell its card business.
Ally Financial sells credit card business to CardWorks
Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business,
Ally Financial to sell credit card business
Ally Financial Inc. (NYSE: ALLY) has entered into an agreement to sell its credit card division to CardWorks Inc., along with its subsidiary, Merrick Bank.
Ally Offloads Credit-Card Business, $2.3 Billion Loan Portfolio
Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered just over three years ago.
Ally drops credit card business, posts quarterly profit
Auto lender Ally Financial said Wednesday that it's officially ending its foray into credit cards under a broader restructuring, even as credit issues in its flagship auto loan business showed signs of waning.
Ally and CardWorks Reach Agreement on Sale of Ally's Credit Card Business
Ally Financial Inc. (NYSE:?ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business,

Ally Financial, Advance In Q4 Profit

Ally steers back to auto after brief credit card venture
The auto lender is selling its credit card business and halting new mortgage loans, abandoning its once-broader ambitions.
Is Ally Financial a Millionaire Maker?
Ally Financial (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is ...
Ally Financial (NYSE:ALLY) Downgraded by StockNews.com to Hold
Ally Financial (NYSE:ALLY – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a ...
Ally Financial price target raised to $40 from $35 at Jefferies
Jefferies raised the firm’s price target on Ally Financial (ALLY) to $40 from $35 and keeps a Hold rating on the shares after Q4 EPS came in ...
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Ally Financial Stock Soars Pre-Market As Q4 Net Income More Than Doubles: Retail’s Exuberant
Shares of Ally Financial Inc (ALLY) soared over 9% in Wednesday’s pre-market session after the company’s fourth-quarter ...
Is Ally Financial Inc. (ALLY) Among Billionaire Louis Bacon’s Long-Term Stock Picks?
We recently published a list of Billionaire Louis Bacon’s Top 10 Long-Term Stock Picks. In this article, we are going to take ...
WaFd Bank joins exile from residential mortgage business
The Seattle-based bank will close up shop on originations by mid-March, concluding more than 100 years in the industry.
Ally Financial announces quarterly dividends
DETROIT - Ally Financial Inc. (NYSE: NYSE:ALLY), a leading digital financial services company, has announced the declaration ...