Ally Financial Inc. (ALLY)


Stock Price Forecast

May 24, 2024


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About the Company

Ally Financial Inc. (previously known as GMAC) is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements. Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.5 million customers and originating 1.4 million car loans annually. It is on the list of largest banks in the United States by assets and has 2.0 million depositors. The company has sold more than 5 million vehicles, including 336,000 vehicles sold in 2022 via its SmartAuction online marketplace for auto auctions, launched in 2000.

Sector

Finance

Industry

State Commercial Banks

Employees

13445

Exchange

NYSE

$8B

Total Revenue

13K

Employees

$12B

Market Capitalization

13.08

Price/Earning ratio

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