U.S. markets open in 1 hour 13 minutes

  • S&P Futures

    4,170.75
    +8.25 (+0.20%)
     

  • Dow Futures

    33,987.00
    +64.00 (+0.19%)
     

  • Nasdaq Futures

    14,042.00
    +28.00 (+0.20%)
     

  • Russell 2000 Futures

    2,264.50
    +8.80 (+0.39%)
     

  • Crude Oil

    63.59
    +0.13 (+0.20%)
     

  • Gold

    1,780.00
    +13.20 (+0.75%)
     

  • Silver

    26.32
    +0.35 (+1.35%)
     

  • EUR/USD

    1.1992
    +0.0016 (+0.13%)
     

  • 10-Yr Bond

    1.5300
    0.0000 (0.00%)
     

  • Vix

    16.33
    -0.66 (-3.88%)
     

  • GBP/USD

    1.3802
    +0.0018 (+0.13%)
     

  • USD/JPY

    108.7870
    +0.0710 (+0.07%)
     

  • BTC-USD

    60,864.13
    -1,401.61 (-2.25%)
     

  • CMC Crypto 200

    1,354.15
    -26.80 (-1.94%)
     

  • FTSE 100

    7,021.46
    +37.96 (+0.54%)
     

  • Nikkei 225

    29,683.37
    +40.68 (+0.14%)
     

Ally Financial Reports First Quarter 2021 Financial Results

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

CHARLOTTE, N.C., April 16, 2021 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its first quarter 2021 financial results. View the full press release in PDF.

The news release, presentation and financial supplement also can be accessed in the following ways:

Ally will host a conference call at 9:00 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session.

Conference Call Information: Dial 844-530-6677 (or +1-508-637-5641 for international access) at least 10 minutes prior to the start time and enter the conference ID code 4390986.

The conference call will also be webcast live on Ally's Investor Relations website in the Events & Presentations section (https://www.ally.com/about/investor/events-presentations/index.html).

The presentation and financial supplement will be posted in the Events & Presentations section of Ally's Investor Relations website on April 16, 2021, at approximately 7:30 a.m. ET.

Archive: A taped replay of this call will be made available from 12:00 p.m. ET on April 16, 2021 until April 23, 2021. Please dial 855-859-2056 (or +1-404-537-3406 for international access) and enter the conference ID code 4390986 to access the taped replay. A replay of the webcast will also be made available on the Ally Investor Relations website.

About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial-services company with $181.9 billion in assets as of March 31, 2021. As a customer-centric company with passionate customer service and innovative financial solutions, we are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. We are one of the largest full-service automotive-finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers. Our award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage lending, personal lending, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Additionally, we offer securities-brokerage and investment-advisory services through Ally Invest. Our robust corporate finance business offers capital for equity sponsors and middle-market companies.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

Contacts:

Daniel Eller
Ally Investor Relations
704-444-5216
daniel.eller@ally.com

Jillian Palash
Ally Communications (Media)
704-644-6201
Jillian.palash@ally.com

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/ally-financial-reports-first-quarter-2021-financial-results-301270546.html

SOURCE Ally Financial

Recommended Stories

  • Stitch Fix’s Founder Will Step Down as CEO. Its Stock Is Down.

    Lake, who will become executive chairperson, hands over the reins to current president Elizabeth Spaulding.

  • Microsoft launches Edge Kids Mode, the first kid-friendly version of a major web browser

    Microsoft has launched a kids version of its Edge browser, offering parents a less cumbersome way to keep their kids safe online.

  • Suze Orman thinks a market crash could be imminent — here's what to do

    Warren Buffett's famous economic measurement shows Orman might be onto something.

  • What will happen to Citibank customers’ accounts and credit cards as it exits India?

    Citibank has hinted there won't be any possible layoff and closure of physical branches in the countries it is exiting.

  • World stocks set fresh record high on strong China, U.S. data

    Global stocks hit a record high on Friday and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the coronavirus-induced slump. "As the economic re-opening accelerates in the coming months, we believe the bull market remains on a solid footing," said Mark Haefele, chief investment officer, UBS Global Wealth Management. MSCI's broadest gauge of world stocks edged higher in early European trade, up 0.2% to a record high.

  • Ferrari chairman says making 'good progress' on CEO shortlist

    Ferrari is making good progress on a shortlist of "very strong" candidates to be the Italian luxury carmaker's next chief executive, Chairman John Elkann told shareholders at a general meeting on Thursday. Former CEO Louis Camilleri stepped down in December, citing personal reasons, after being in the role for nearly two and a half years, just as the company was rolling out new hybrid models and getting ready for its first ever SUV, called 'Purosangue' (Thoroughbred). "The new CEO and the senior management team will share Ferrari’s exciting future with you during our (capital markets day) in 2022, which will also be a year of important new product launches and particularly the Purosangue which is turning out to be something truly special," Elkann said.

  • Coinbase’s Retail Buyers Stung After Plowing in at Debut

    (Bloomberg) -- Coinbase Global Inc. got a jump start on its first day of trading from the retail crowd. And the early enthusiasts likely walked away with a few bruises.Day traders purchased a net $57 million of the cryptocurrency exchange’s shares during its debut Wednesday on the Nasdaq Stock Market, according to data from VandaTrack. That total accounted for 7% of the $822 million individual investors spent on all U.S. stocks and exchange-traded funds on the day, and made Coinbase the fifth-most popular debut with the demographic since 2017.They didn’t wait long to jump in.Nearly a third of all retail dollars spent on Coinbase Wednesday poured in during the first 20 minutes of trading as the shares soared by 13% from the opening price of $381 to an intraday high of $429.54. Retail buying tapered off as the initial euphoria waned and the shares paired their gains to finish the day below the opening trade price.Coinbase gained as much as 6.4% in early trading Thursday on news of a $246 million investment from Cathie Wood’s Ark Investment Management and positive analyst coverage, though the shares remained below their opening price.Tayo Kuku, a 27-year old photographer based in Washington, D.C., is among the cohort of investors who bought in. But within 10 minutes of purchasing the stock at $394 and a few conversations with his friends who are also buyers, it “made me realize that I probably didn’t make the best decision jumping in that quickly,” he said.“I obviously knew the risk of jumping in on a company as soon as it went public, but it just seemed like an obvious investment considering cryptocurrency has been the ‘next big thing’ for young investors like me.”Fortunately for Kuku, he managed to sell at a profit at $415. Though he left unscathed, he still plans to “keep an eye out and may possibly dip my feet back in in the next few weeks.”The debut of the first cryptocurrency exchange to list on a U.S. public market was widely hailed as ushering in a new era for the oft-mocked asset class. That drew the attention of retail traders who piled in at a level not seen since the debut of Rocket Cos., the parent of the mortgage giant founded by billionaire Dan Gilbert, making it the fifth most- popular new listing among the group since 2017.“It is pretty surprising to see such strong buying,” said Viraj Patel, global macro strategist at Vanda Research. “There was obviously a lot of hype around this and certainly Coinbase will be almost the best proxy for trading the crypto theme in the coming years.”On Fidelity’s platform Coinbase was the most traded stock on the day. More than 148,000 shares changed hands there, nearly nine times more than runner-up Tesla Inc., according to data from the brokerage.“What is fascinating about Coinbase is this is the first way in which individuals can take part in this new market for cryptocurrencies without being subject themselves to the volatility those currencies have,” Michael Wolf, the chief executive officer and co-founder of Activate, a technology consulting firm, said on Bloomberg Television. “We are going to see that Coinbase is going to be held widely -- at this market cap, it’s going to be held by index funds. It will allow small investors as well as individuals to take part in this entire move toward cryptocurrencies.”But for all the fanfare, Coinbase wasn’t the top pick of at-home traders on Wednesday. That honor went to the ProShares UltraPro QQQ exchange-traded fund (ticker TQQQ), a three times levered tracker of the Nasdaq 100 Index, which saw $72 million of net retail buying on the day despite plunging by 3.5%.(Updates for Thursday trading in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • S&P 500 Price Forecast – Stock Markets Continue to Rally On Retail Sales

    The S&P 500 has rallied significantly during the trading session after the retail sales numbers in America came out much stronger than anticipated.

  • Amazon's Bezos: Union defeat does not bring 'comfort'

    Jeff Bezos said in his shareholder letter that Amazon must 'do a better job for our employees'.

  • Sanjeev Gupta's firm says it did nothing wrong over Covid loans

    The company behind the UK's Liberty Steel says it did nothing wrong when seeking government funds.

  • Coinbase shares close 14% below opening price after trading debut

    Coinbase opened for trading on the Nasdaq on Wednesday.

  • FTSE nudges 7,000 points as US economy rebounds

    Shares in Oxford Biomedica rose to their highest level since mid-March after the Covid vaccine manufacturer announced an investment drive thanks in part to its contract with AstraZeneca. It came as the company said sales last year rose 37pc to £87.7m, while revenue from its bioprocessing and commercial development division grew by nearly half to £68.5m, thanks in large part to cash generated by the deal with AstraZeneca to make the jab. This year the biotech expects another £50m sales bump from payments from Anglo-Swedish AstraZeneca and that demand for similar contract manufacturing and bioprocessing services will increase sharply. It was already in the process of expanding, completing the construction of a giant manufacturing facility called Oxbox, before the pandemic struck. Three of the four processing suites are being used to make the vaccine and the facility has capacity for four to six more suites. Chief executive John Dawson said he expects a “massive increase” in the work the firm carries out in cell and gene therapy and manufacturing, and the AstraZeneca money had given the firm “more leeway to invest in the platform”. “The platform is very important and investing in the technology will enable us to improve quality and the batch yields, making more doses per batch”. Shares in the FTSE 250 company rose 2p to £10.42. On the FTSE 100, pharmaceuticals company GlaxoSmithKline took the limelight as the second biggest winner among blue-chips on reports hedge fund activist Elliott Management had built up a multibillion-pound stake in the firm. Shares surged 58.8p to £13.48. UK markets had a strong session with the FTSE 250 sustaining recent momentum, closing 116.5 points higher to reach a record 22,472.04. The FTSE 100, meanwhile, hit its highest level since February 2020 to finish up 43.92 points, just shy of 7,000. Mining giants buoyed the benchmark index, with Antofagasta, Fresnillo and Polymetal all among the top risers. A pick up of iron ore prices due to tight near-term supply also helped lift the broader mining sector. “There are increasing signs that UK stocks are finally finding favour with investors as the UK economy embarks upon the next stage of its economic reopening,” said Michael Hewson, chief market analyst at CMC Markets. Helping to boost sentiment also was US stocks hitting fresh records on the back of higher than expected retail sales last month and lower than expected jobless claims in the past week, fuelling recovery optimism. In this light, FTSE 250 developer Countryside Properties was the top mid-cap riser, up 26p to 541p. It was followed closely by train ticket platform Trainline, which gained 16.6p to 489.8p, and housebuilder Crest Nicholson, which rose 13.4p to 428p. Elsewhere, London Stock Exchange Group jumped 146p to £79 after one of its major investors backed extra spending to fix problems at its new $27bn (£20bn) purchase of Refinitiv.

  • Technology stocks lead S&P 500, Dow to record highs

    The S&P 500 and the Dow hit record highs on Thursday as easing inflation concerns boosted demand for richly valued technology stocks, while upbeat earnings reports and strong March retail sales raised hopes of a broader economic rebound. The S&P information technology and communication services indexes, which include Apple Inc, Microsoft Corp and Facebook Inc, led gains after underperforming last month.

  • Analysis: As U.S. watchdog steps up scrutiny, Grab deal signals blank-check party peak

    While the blank-check deals market reached new heights this week with Grab Holdings' record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals. Southeast Asia's largest ride-hailing and food delivery firm on Tuesday clinched a merger with special purpose acquisition company, or SPAC, Altimeter Growth Corp, paving the way for a U.S. listing and the biggest-ever blank-check company deal. The blockbuster merger underscores Wall Street's mania for the deals in which listed shells take private companies public, with a record $100 billion raised through initial public offerings (IPOs) in the United States this year.

  • Investors look for answers as Treasuries rally after strong economic data

    A sharp drop in Treasury yields in the face of strong U.S. economic data is surprising market participants who expected the reflation-driven bond selloff of the first quarter to continue. U.S. Treasury yields notched their biggest drop since Nov. 12 on Thursday, even as March retail sales data came in much better than expected and jobless claims fell. All told, the yield on the benchmark 10-year U.S. Treasury has fallen nearly 20 basis points in April, reversing some of the dramatic rise in February and March and boosting a rally in growth and technology shares that has helped send markets to fresh records.

  • Verizon to launch 5G internet for businesses in 21 U.S. cities

    Verizon Communications Inc, one of the largest U.S. telecom companies, said on Thursday it will launch 5G internet for businesses in 21 U.S. cities this month, expanding its presence from Chicago, Houston and Los Angeles. Verizon is offering a 10-year price lock for new customers, no data limits and plans ranging from 100 Mbps to 400 Mbps to business users in cities such as Atlanta, Detroit, Las Vegas and San Francisco. Verizon plans to expand its 5G business internet footprint throughout the country, bringing its full suite of services from video-collaboration tools to edge computing.

  • Add Coinbase to the List of Crypto Stocks HSBC Won’t Touch

    An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”

  • North American oil bankruptcies hit highest first quarter level since 2016: Haynes and Boone

    Bankruptcies by North American oil producers rose to the highest first-quarter level since 2016, according to a report released on Thursday by law firm Haynes and Boone, as some energy firms struggled to recover from the 2020 crash in oil prices. There were eight bankruptcies by North American oil and gas producers in the first quarter of 2021, versus 17 in the first quarter of 2016 - the last time U.S. crude futures dipped under $30 a barrel. HighPoint Resources Corp was the largest debt-holder to file for the quarter, with $905 million in secured and unsecured debt.

  • Gold rises nearly 2% as dollar, yields retreat

    Gold jumped to its highest in over a month on Thursday as the dollar and U.S. Treasury yields retreated despite better-than-expected U.S. economic data, pushing more investors to bullion as a refuge against possible inflation ahead. Spot gold rose 1.7% to $1,766.13 per ounce by 11:07 a.m. EDT (1507 GMT), having earlier risen to $1,767.60, its highest since Feb. 26. "A massive amount of inflation is certainly on the horizon and gold is just the best asset to own as we start to see what I would consider some historic levels of inflation," said Jeffrey Sica, founder of Circle Squared Alternative Investments.

  • U.S. Dollar Index (DX) Futures Technical Analysis – In Position to Challenge Main Bottom at 91.290

    The direction of the June U.S. Dollar Index early Thursday is likely to be determined by trader reaction to 91.555.