Ally Financial Inc. (NYSE:ALLY), a leading digital financial services company with a market capitalization of $12.24 billion, has been navigating a complex financial landscape marked by shifting ...
Ally is carrying $3.7 billion of reserves or 2.73% of loans, and auto coverage is 3.78%. Ally is holding about $800 million of excess reserves beyond what it would hold in a normal economic ...
This is actually pretty important because it speaks to Ally Financial's business model of making auto loans. And, after efforts to diversify the all-digital bank, it is getting out of businesses ...