Company
Ally Financial Inc.
Headquarters: Detroit, MI, United States
Founded: 1919
Employees: 10,500
CEO: Mr. Jeffrey J. Brown
Market Cap
$12.11 Billion
USD as of July 1, 2024
Ally Financial Inc. Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| American Express | $169.49 B |
| PayPal | $62.39 B |
| Capital One Financial Corporation | $51.94 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.
Top 1-year algo backtest: +265.99%
$10,000 in October 2023 would now be $36,599 by following this algorithm daily at market close.
Use AI to boost your investing & swing trading, now!
Try Disfold DeepFinance FREE
Stocks & Indices
Ally Financial Inc. has the following listings and related stock indices.
Stock: NYSE: ALLY wb_incandescent
Stock: BMV: ALLY1 wb_incandescent
Stock: FSX: GMZ wb_incandescent
Product & Services
Car financeOnline bankingMortgage loansStockbrokerage
Key People
Franklin W. Hobbs, Chairman Jeffrey J. Brown, CEO Jennifer Laclair, CFO
Financials
Revenue: US$8.206 billion (2021)
Net income: US$3.06 billion (2021)
Total assets: US$182.114 billion (2021)
Total equity: US$17.050 billion (2021)