Though the bank is pursuing certain credit segments, tougher standards for borrowers will result in Ally Financial approving slightly less in auto financing than it had originally planned for 2023 ...

Ally is in a much different situation than SVB Financial or Signature Bank. But the bank does have a large book of retail auto loans that the market is watching with a cautious eye. Investors have ...

Ally Financial's new management is confident that its recent problems, which stem from some borrowers being unable to repay their auto loans, will get better. They just can't predict when. The company ...

Ally Financial offers customers various financial products and services, including banking, brokerage, credit cards, and loans. However, its roots are in making auto loans. That's because the ...

Ally also offers a full range of financial products, including credit cards, personal loans, investments, auto financing, mortgages, and life insurance through its partnership with Ladder.

Ally Financial's heavy reliance on auto lending exposes it to potential risks associated with economic downturns and shifts in consumer behavior. The company has already increased its forecast for ...

Ally Financial has a lower capitalization ratio than most large banks, with around 60% of its assets concentrated in the auto market. The vehicle market has surged over the past two years as ...

Ally's 2022 ended with its net income before taxes from its key auto finance business falling to $437 million in the fourth quarter, down 48 percent from a year earlier. Looking at the entirety of ...

Ally Financial Inc. ALLY stock fell 3.5% in premarket trades after the auto and home lender said it expects 2023 retail auto originations to be on the lower end of its estimated low-$40 billion ...