Ally

Ally Financial is a digital financial services company that provides online banking services. Read more

Jeffrey J. Brown's photo - CEO of Ally

CEO

Jeffrey J. Brown

CEO Approval Rating

67/100

Founded:

1919

Status:

PublicIndependent CompanyNYSEALLY

ALLY TOP COMPETITORS OR ALTERNATIVES

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GM Financial is Ally's biggest rival. GM Financial was founded in 1992, and is headquartered in Fort Worth, Texas. Like Ally, GM Financial also works within the Diversified Financial Services sector. GM Financial generates $6.5B more revenue vs. Ally.

Fidelity Investments is one of Ally's top competitors. Fidelity Investments's headquarters is in Boston, Massachusetts, and was founded in 1946. Like Ally, Fidelity Investments also works within the Diversified Financial Services sector. Fidelity Investments generates 292% of Ally's revenue.

USAA is seen as one of Ally's top competitors. USAA is a Private company that was founded in 1922 in San Antonio, Texas. USAA competes in the Banks industry. Compared to Ally, USAA has 26,800 more employees.

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Ally Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$7.2B

Ally's revenue is the ranked lowest among it's top 10 competitors. The top 10 competitors average 29.7B. Over the last three quarters, Ally's revenue has grown by 235.7%. Specifically, in Q1 2021's revenue was $5.4B; in Q3 2020, it was $1.7B; in Q2 2020, it was $1.6B.

Ally Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Merrick Bank Corporation

Feb 2020

Source »
undisclosed
Merrick Bank is an Utah-based financial institution that provides account management, credit card and consumer financing services to marine, RV, and horse trailer dealers.
Health Credit Services, LLC

Jul 2019

Source »
$190M
HCS is a provider of healthcare financing solutions for patients.

These are all the companies that Ally has acquired. Ally has acquired 2 companies and its latest acquisition was Merrick Bank Corporation in Feb 2020. Merrick Bank is an Utah-based financial institution that provides account management, credit card and consumer financing services to marine, RV, and horse trailer dealers.

Ally Funding History

Since Ally was founded in 1919, it has participated in 1 round of funding. In total Ally has raised $2.4B. Ally's funding round was on Apr 2014 for a total of $2.4B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Apr 2014
$2.4B

Since Ally was founded in 1919, it has participated in 1 round of funding. In total Ally has raised $2.4B. Ally's funding round was on Apr 2014 for a total of $2.4B

Ally Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Better Mortgage is a New York-based online lending platform that provides loan refinance, mortgages, title and homeowners insurance solutions.
$200M
Nov 08, 2020
Series D
-
StreetShares is a peer-to-peer lending platform that offers term loans and contract financing solutions to businesses and veterans community.
$10.9M
Oct 08, 2020
Venture Round
-
$350K
Apr 12, 2020
Debt - PPP (CARES Act)
-
Vroom is an online automobile marketplace that allows users to buy and sell pre-owned cars.
$450M
Apr 01, 2020
Debt
Jun 09, 2020
Lively is a digital health platform that enables employees to optimize and manage their health savings account.
$27M
Oct 07, 2019
Series B
-

These are all the companies that Ally has invested in. Ally has invested 2 companies and its latest investment was Merrick Bank Corporation in Feb 2020. Merrick Bank is an Utah-based financial institution that provides account management, credit card and consumer financing services to marine, RV, and horse trailer dealers.

Ally News

May 25, 2021MarketScreener

Regulation FD (Form 8-K)

(marketscreener.com) Regulation FD. On May 25, 2021, Ally Financial Inc. priced an offering of 1,000,... See more »
May 25, 2021MarketScreener

Update on Ally's Commitment to Racial Justice and Equity

(marketscreener.com) A year ago, in the wake of the tragic events that brought the searing issue of r... See more »
May 25, 2021California Apparel News

Ally Lending Offers New Payment Option

Ally Lending is giving its customers a new way to pay by offering financing through Sezzle.... See more »
May 20, 2021The Business Journals: Minneapolis/St. Paul

Ally Financial launches retail lending partnership with Sezzle

Ally Financial Inc. (NYSE: ALLY) has launched its "buy now, pay later" partnership with financial-tec... See more »
May 20, 2021HPC Wire

Chicago Quantum Exchange Welcomes 3 New Corporate Partners

May 20, 2021 - The Chicago Quantum Exchange has added three new corporate partners to its growing com... See more »
May 19, 2021MarketScreener

opens 'Daring to Disrupt' competition to help empower women entrepreneurs

(marketscreener.com) Ten finalists will receive a total of $57,000 in cash prizes to support business... See more »
May 6, 2021MarketScreener

CEO Remarks - 2021 Annual Meeting

(marketscreener.com) CEO Remarks - 2021 Annual Meeting Good morning, everyone. I'm Jeffrey Brown, Chi... See more »

Ally Press Releases

February 23, 2021PR Newswire

Ally Lending and Western Dental team up to make dental care affordable

CHARLOTTE, N.C., Feb. 23, 2021 /PRNewswire/ -- Ally Lending, the personal lending arm of Ally Bank, a... See more »
January 26, 2021PR Newswire

Ally Lending teams with Eargo to empower those with hearing loss

CHARLOTTE, N.C., Jan. 26, 2021 /PRNewswire/ -- Ally Lending, the personal lending arm of Ally Bank, a... See more »
January 13, 2021PR Newswire

Ally announces up to $1.6 billion share repurchase authorization and dividend on common stock

CHARLOTTE, N.C., Jan. 12, 2021 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that,... See more »
December 1, 2020PR Newswire

Inaugural 'Women's International Champions Cup Best XI Presented by Ally' Team Announced

NEW YORK, Dec. 1, 2020 /PRNewswire/ -- Relevent Sports Group (RSG) announced the inaugural Women's In... See more »
October 27, 2020PR Newswire

Ally Lending expands relationship with Milan Laser

CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ -- Ally Lending, the personal lending arm of Ally Bank, a... See more »
October 27, 2020PR Newswire

Georgia dealership sales manager recognized as next generation auto retail leader with 'Ally Sees Her' award

DETROIT, Oct. 27, 2020 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) and the National Association ... See more »
October 15, 2020StreetInsider

Ally honors Jimmie Johnson legacy by immortalizing fans with "signature" paint scheme

CHARLOTTE, N.C., Oct. 15, 2020 /PRNewswire/ --Â As seven-time NASCAR champion Jimmie Johnson conclude... See more »

Ally Videos

Social Media

Ally Headquarters

500 Woodward Avenue Floor 10

Detroit, Michigan48226

866-710-4623

Driving Directions »

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Ally Summary

ABOUT

Overview

Ally Financial is a digital financial services company that provides online banking services. Ally was founded in 1919. Ally's headquarters is located in Detroit, Michigan, USA 48226. It has raised 2.4B in 1 round. The latest round was in Apr 2014. Al...

CEO

Ally's CEO, Jeffrey J. Brown, currently has an approval rating of 67%. Ally's primary competitors are GM Financial , Fidelity Investments & USAA.

Website

ally.com

Frequently Asked Questions about Ally

  1. When was Ally founded?

    Ally was founded in 1919
  2. Who is Ally's CEO?

    Ally's CEO is Jeffrey J. Brown
  3. How much revenue does Ally generate?

    Ally generates $7.2B in revenue
  4. How much funding does Ally have?

    Ally has historically raised $2.4B in funding
  5. Where is Ally's headquarters?

    Ally's headquarters is in Detroit Michigan, USA
  1. How many employees does Ally have?

    Ally has 8,200 employees
  2. What sector does Ally operate in?

    Ally is in Diversified Financial Services
  3. Who are Ally's competitors?

    Ally's top competitors are GM Financial , Fidelity Investments, USAA
  4. Who has Ally invested in?

    Ally's has invested in companies such as Better Mortgage, StreetShares, Inc., Kia Of Alliance