Bank, Credit Card, Financing
Ally Financial Inc. is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients.
The Detroit company's charge-offs rose sharply last quarter. Its CEO said he's confident losses will decline, but the next few quarters "will be choppy."
The Detroit company's charge-offs on consumer auto loans rose sharply last quarter. Its CEO said he's confident losses will decline, but the next few quarters …
The Detroit company's charge-offs from consumer auto lending rose to 2.24% of loans, up sharply from 1.85% a year earlier. Its stock took a hit …