Ally, CardWorks

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. Ally CEO touted the move as "the power of focus."
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.
Consumer lender Ally Financial to sell credit card business to CardWorks
(Reuters) -Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares of Ally jumped 8.6% in premarket trading.
Ally Financial To Sell Its Credit Card Business - Quick Facts
Ally Financial (ALLY) and CardWorks announced they have entered into a definitive agreement for CardWorks, and its wholly-owned bank
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 divests credit card business to CardWorks
This move aligns with Ally's mission to focus on its core services, including approximately 10 million customers in banking, brokerage, and auto financing. CardWorks, with its 38-year history in credit and payments,
Ally Financial: Asset Sale Should Not Outweigh A Mixed Outlook
Ally Financial Inc.'s Q4 results alleviated some credit loss concerns, but has elevated delinquencies and an uncertain 2025 ...
What does Ally Financial do?
Ally Financial (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is ...
Forecasting The Future: 8 Analyst Projections For Ally Financial
In the latest quarter, 8 analysts provided ratings for Ally Financial ALLY, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the ...
Ally Financial's SWOT analysis: stock faces headwinds, but opportunities emerge
Ally Financial Inc. (NYSE:ALLY), a leading digital financial services company with a market capitalization of $12.24 billion, has been navigating a complex financial landscape marked by shifting ...
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 ...
2025 Could Be an Inflection Point for This Fintech Stock
Ally Financial ( ALLY 1.11%) has underperformed the market over the past year, with fears of rising defaults and demand ...
Ally Financial price target raised to $45 from $41 at RBC Capital
RBC Capital analyst Jon Arfstrom raised the firm’s price target on Ally Financial (ALLY) to $45 from $41 and keeps an Outperform rating on the ...
Is Ally Financial (ALLY) the Cheap Value Stock to Invest in According to Warren Buffett?
We recently published a list of 10 Cheap Value Stocks to Invest in According to Warren Buffett. In this article, we are going ...