Ally Financial Inc (ALLY) Earnings

Ally Financial, Inc. engages in the provision of automotive financing and insurance services. The company is headquartered in Detroit, Michigan and currently employs 10,300 full-time employees. The company went IPO on 2014-04-10. The Company’s segments include Automotive Finance operations, Insurance operations, and Corporate Finance operations. The Automotive Finance operations segment is engaged in providing automotive financing services to consumers, automotive dealers and retailers, companies, and municipalities. Its Insurance operations segment operates as a complementary automotive-focused business, offering both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. Its Corporate Finance operations segment provides senior secured asset-based and leveraged cash flow loans to U.S.-based middle-market companies, with a focus on businesses owned by private equity sponsors. The firm also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies.