UPDATE: This story includes information from Ally's earnings call and commentary from analysts. Ally Financial's new management is confident that its recent problems, which stem from some borrowers ...
Ally Bank is warning customers about a rise in sophisticated scams and sharing tips to stay protected.
Ally Bank, one of the largest banks by assets in the United States, is also one of the first (the first, according to the bank) to operate a purely digital banking network in the country. The company ...
Ally Financial shares dropped 19% Tuesday after its CFO warned of weaker financial health among borrowers. High inflation and a shaky job market have weighed on Ally customers' ability to repay loans.
Ally Financial is down about 25% from its 52-week high. There are some legitimate reasons for concern, including rising charge-offs. Ally could be a beneficiary of several tailwinds in the next few ...
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