Ally Financial to sell credit card business
Ally Financial Inc. (NYSE: ALLY) has entered into an agreement to sell its credit card division to CardWorks Inc., along with ...
Ally Financial Stock Surges as Company Beats Profit Estimates, Sells Credit Card Business
Ally Financial shares surged Wednesday after the financial firm topped earnings and revenue estimates as it cut costs, and ...
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.
Crain's Detroit19h
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 ...
Financial IT1h
Ally and CardWorks Reach Agreement on Sale of Ally's Credit Card Business
Ally Financial Inc. and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit ...
American Banker23h
Ally drops credit card business, posts quarterly profit
Auto lender Ally Financial said Wednesday that it's officially ending its foray into credit cards under a broader ...
Ally Financial’s Strategic Initiatives and Uncertain Outlook Lead to Hold Rating
Analyst Moshe Orenbuch of TD Cowen assigned a Hold rating on Ally Financial (ALLY – Research Report), with a price target of $41.00.Invest with ...
Ally Financial price target raised to $41 from $40 at TD Cowen
TD Cowen raised the firm’s price target on Ally Financial (ALLY) to $41 from $40 and keeps a Buy rating on the shares. The firm said the Q4 ...
bankingdive23h
Ally to sell credit card business to CardWorks
Plans for the sale were hinted at earlier this year, a month after the CEO said the business wasn’t within Ally’s core focus.
Ally Offloads Credit-Card Business, $2.3 Billion Loan Portfolio
Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...
Zacks.com on MSN4h
ALLY Stock Up on Q4 Earnings Beat, Divestiture of Credit Card Business
Ally Financial’s ALLY fourth-quarter 2024 adjusted earnings of 78 cents per share handily surpassed the Zacks Consensus ...
Ally Financial sells credit card business to CardWorks
Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire ...