Company Description
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda.
The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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 nursing facilities, senior housing, and medical office buildings.
It 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.
| Country | United States |
| Founded | 1919 |
| IPO Date | Jan 28, 2014 |
| Industry | Credit Services |
| Sector | Financials |
| Employees | 11,100 |
| CEO | Michael G. Rhodes |
Contact Details
Address: Ally Detroit Center, 500 Woodward Ave. Floor 10 Detroit, Michigan 48226 United States | |
| Phone | 866-710-4623 |
| Website | ally.com |
Stock Details
| Ticker Symbol | ALLY |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0000040729 |
| CUSIP Number | 02005N100 |
| ISIN Number | US02005N1000 |
| Employer ID | 38-0572512 |
| SIC Code | 6022 |
Key Executives
| Name | Position |
|---|---|
| Douglas R. Timmerman | Interim Chief Executive Officer and President of Dealer Financial Services |
| Russell E . Hutchinson | Chief Financial Officer |
| Diane E. Morais | President of Consumer and Commercial Banking Products - Ally Bank |
| Jason E. Schugel | Chief Risk Officer |
| Bradley J. Brown | Corporate Treasurer |
| David J. DeBrunner | Vice President, Corporate Controller and Chief Accounting Officer |
| Sathish Muthukrishnan | Chief Information, Data and Digital Officer |
| Sean Leary | Head of Investor Relations and Enterprise FP&A |
| Daniel Soto | Chief Compliance Officer |
| Isvara M. A. Wilson | Acting General Counsel and Deputy General Counsel of Corporate & Securities |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Jul 1, 2024 | 424B2 | Prospectus |
| Jun 25, 2024 | 424B2 | Prospectus |
| Jun 24, 2024 | 424B2 | Prospectus |
| Jun 17, 2024 | 424B2 | Prospectus |
| Jun 3, 2024 | 424B2 | Prospectus |
| May 28, 2024 | 424B2 | Prospectus |
| May 28, 2024 | 424B2 | Prospectus |
| May 20, 2024 | 424B2 | Prospectus |
| May 20, 2024 | 424B2 | Prospectus |
| May 14, 2024 | 13F-HR | Quarterly report filed by institutional managers, holdings |