Market Summary
USD27.61-0.78
Market Closed-2.75%
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Price Action
52 Week Range
21.5935.78
(Low)(High)
Last 7 days
-2.6%
Last 30 days
1.7%
Last 90 days
2.7%
Trailing 12 Months
-13.2%
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Net sales
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Latest Insider Trading transactions for ALLY
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-01 | GIBBONS THOMAS P | acquired | - | - | 4,728 | - |
2023-07-21 | Hutchinson Russell E. | acquired | 2,500,030 | 28.7 | 87,109 | chief financial officer |
2023-07-06 | Reilly David | acquired | - | - | 1,204 | - |
2023-07-06 | Goldman Melissa | acquired | - | - | 1,204 | - |
2023-07-06 | Clark Mayree C | acquired | - | - | 602 | - |
2023-05-15 | BACON KENNETH J | acquired | 145,002 | 25.56 | 5,673 | - |
2023-05-15 | Clark Mayree C | acquired | 145,002 | 25.56 | 5,673 | - |
2023-05-15 | Steib Michael F | acquired | 145,002 | 25.56 | 5,673 | - |
2023-05-15 | MAGNER MARJORIE | acquired | 145,002 | 25.56 | 5,673 | - |
2023-05-15 | Fennebresque Kim S | acquired | 145,002 | 25.56 | 5,673 | - |
Which funds bought or sold ALLY recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 11.08 | 3,706 | 24,633 | -% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 253,972 | 4,513,020 | 0.26% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 581,257 | 581,257 | -% |
2023-08-22 | COMERICA BANK | new | - | 42,000 | 42,000 | -% |
2023-08-21 | BOKF, NA | reduced | -22.47 | -9,211 | 42,406 | -% |
2023-08-21 | Principal Street Partners, LLC | reduced | -4.26 | 70,199 | 4,916,920 | 1.17% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -28.24 | -292,509 | 918,416 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -10.00 | -577,082 | 11,868,900 | 0.02% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 5,109 | 5,109 | -% |
2023-08-16 | Sparta 24 Ltd. | sold off | -100 | -5,545,760 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ALLY Alerts
Schedule 13G FIlings of Ally Financial
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | berkshire hathaway inc | 9.98% | 29,800,000 | SC 13G | |
| Feb 14, 2023 | harris associates l p | 8.7% | 25,997,686 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.53% | 31,445,082 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.5% | 22,366,239 | SC 13G/A | |
| Feb 11, 2022 | harris associates l p | 7.2% | 24,828,869 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 10.35% | 35,851,312 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.6% | 29,683,700 | SC 13G/A | |
| May 10, 2021 | vanguard group inc | 10.24% | 37,970,139 | SC 13G/A | |
| Feb 16, 2021 | harris associates l p | 7.6% | 28,239,762 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.25% | 34,599,362 | SC 13G/A |
Recent SEC filings of Ally Financial
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 424B2 | Prospectus Filed | |
| Sep 18, 2023 | 424B2 | Prospectus Filed | |
| Sep 11, 2023 | 424B2 | Prospectus Filed | |
| Sep 11, 2023 | 424B2 | Prospectus Filed | |
| Sep 06, 2023 | 424B2 | Prospectus Filed | |
| Aug 28, 2023 | 424B2 | Prospectus Filed | |
| Aug 21, 2023 | 424B2 | Prospectus Filed | |
| Aug 21, 2023 | 424B2 | Prospectus Filed | |
| Aug 14, 2023 | 424B2 | Prospectus Filed | |
| Aug 11, 2023 | 13F-HR | Fund Holdings Report |
Peers (Alternatives to Ally Financial)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AXP | 115.7B | 45.6B | -2.27% | 2.83% | 15.55 | 2.54 | 15.43% | -2.20% |
DFS | 27.5B | 15.6B | -2.90% | -10.61% | 6.66 | 1.94 | 40.78% | -13.21% |
SYF | 13.4B | 18.6B | -2.28% | 2.29% | 5.49 | 0.72 | 16.17% | -33.60% |
| MID-CAP | ||||||||
ALLY | 8.3B | 12.6B | 1.69% | -13.23% | 6.81 | 0.66 | 37.06% | -51.02% |
CACC | 6.2B | 1.9B | -0.10% | 2.55% | 18.5 | 3.36 | 0.25% | -57.46% |
OMF | 4.9B | 4.5B | 2.41% | 23.56% | 7.55 | 1.1 | 0.52% | -38.79% |
NNI | 3.4B | 1.1B | -0.45% | 11.85% | 17.88 | 3.03 | 4.56% | -58.41% |
SLM | 3.3B | 2.4B | -1.26% | -7.47% | 8.84 | 1.4 | 29.49% | -55.68% |
| SMALL-CAP | ||||||||
ENVA | 1.5B | 1.9B | -3.75% | 46.94% | 7.42 | 0.78 | 30.29% | -1.66% |
ECPG | 1.1B | 1.2B | 0.64% | -4.37% | 335.48 | 0.94 | -27.61% | -99.16% |
WRLD | 804.1M | 598.0M | -2.53% | 18.77% | 20.32 | 1.34 | -2.53% | 33.78% |
GDOT | 721.8M | 1.5B | -10.10% | -31.83% | 15.3 | 0.49 | 2.42% | -6.49% |
LC | 696.7M | 742.9M | -0.93% | -47.97% | 3.87 | 0.94 | 21.30% | 1459.12% |
TREE | 204.0M | 822.9M | -16.90% | -48.24% | -1.31 | 0.25 | -25.25% | -733.09% |
Ally Financial News
Returns for ALLY
Cumulative Returns on ALLY
7.6%
7-Year Cumulative Returns
2.4%
5-Year Cumulative Returns
4.5%
3-Year Cumulative Returns
Risks for ALLY
What is the probability of a big loss on ALLY?
71.9%
Probability that Ally Financial stock will be more than 20% underwater in next one year
46.1%
Probability that Ally Financial stock will be more than 30% underwater in next one year.
33.9%
Probability that Ally Financial stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALLY drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Ally Financial was unfortunately bought at previous high price.
Drawdowns
Financials for Ally Financial
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 8.7% | 12,600 | 11,596 | 10,621 | 9,777 | 9,193 | 8,870 | 8,651 | 8,519 | 8,487 | 8,538 | 8,797 | 9,116 | 9,462 | 9,775 | 9,857 | 9,823 | 9,628 | 9,369 | 9,052 | 7,598 | 6,764 |
| EBITDA | -100.0% | - | 7,103 | 6,526 | 6,213 | 6,300 | 6,679 | 7,030 | 7,277 | 7,394 | 7,212 | 6,207 | 6,246 | 6,440 | 6,787 | 7,765 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.61* | 0.61* | 0.64* | 0.69* | 0.75* | 0.81* | 0.85* | 0.87* | 0.84* | 0.71* | 0.69* | 0.68* | 0.69* | 0.79* | - | - | - | - | - | - |
| Interest Expenses | 31.0% | 5,128 | 3,914 | 2,857 | 2,087 | 1,727 | 1,758 | 1,914 | 2,143 | 2,469 | 2,843 | 3,243 | 3,623 | 3,922 | 4,145 | 4,243 | 4,247 | 4,120 | 3,898 | 3,637 | 3,349 | 3,142 |
| Earnings Before Taxes | -12.3% | 1,653 | 1,884 | 2,342 | 2,796 | 3,286 | 3,694 | 3,855 | 3,812 | 3,537 | 2,832 | 1,414 | 1,045 | 913 | 1,070 | 1,967 | 1,848 | 1,813 | 1,780 | 1,622 | 1,664 | 1,594 |
| EBT Margin | -100.0% | - | 0.16* | 0.22* | 0.29* | 0.36* | 0.42* | 0.45* | 0.45* | 0.42* | 0.33* | 0.16* | 0.11* | 0.10* | 0.11* | 0.20* | - | - | - | - | - | - |
| Net Income | -11.1% | 1,225 | 1,378 | 1,714 | 2,088 | 2,501 | 2,919 | 3,060 | 3,095 | 2,859 | 2,200 | 1,085 | 776 | 681 | 1,022 | 1,715 | 1,627 | 1,620 | 1,387 | 1,263 | 1,154 | 1,062 |
| Net Income Margin | -100.0% | - | 0.12* | 0.16* | 0.21* | 0.27* | 0.33* | 0.35* | 0.36* | 0.34* | 0.26* | 0.12* | 0.09* | 0.07* | 0.10* | 0.17* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 6,038 | 6,247 | 6,033 | 5,892 | 4,513 | 4,042 | 4,218 | 4,199 | 4,095 | 3,739 | 3,521 | 3,368 | 3,783 | 4,050 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.5% | 197,241 | 196,165 | 191,826 | 188,640 | 185,703 | 184,297 | 182,114 | 179,184 | 180,470 | 181,879 | 182,165 | 185,270 | 184,061 | 182,527 | 180,644 | 181,485 | 180,448 | 180,117 | 178,869 | 173,101 | 171,345 |
| Cash Equivalents | 2.0% | 9,972 | 9,780 | 5,571 | 5,004 | 4,167 | 3,932 | 5,670 | 10,915 | 13,664 | 15,778 | 16,574 | 19,939 | 19,131 | 6,161 | 4,380 | 3,617 | 3,563 | 3,957 | 5,626 | 3,772 | 3,924 |
| Liabilities | 0.5% | 183,709 | 182,787 | 178,967 | 176,206 | 171,719 | 168,884 | 165,064 | 161,895 | 162,940 | 167,254 | 167,462 | 171,144 | 170,235 | 169,008 | 166,228 | 167,035 | 166,132 | 166,418 | 165,601 | 160,016 | 158,206 |
| Short Term Borrowings | 51.2% | 2,200 | 1,455 | 2,399 | 7,200 | 7,775 | 3,950 | - | - | - | - | 2,136 | 3,032 | 3,689 | 9,493 | 5,531 | 5,335 | 6,519 | 6,115 | 9,987 | 7,338 | 7,108 |
| Long Term Debt | -1.7% | 20,141 | 20,480 | 17,762 | 16,628 | 16,984 | 15,885 | 17,029 | 14,946 | 16,896 | 20,503 | 22,006 | 25,704 | 29,176 | 31,066 | 34,027 | 35,730 | 37,466 | 41,490 | 44,193 | 45,542 | 47,328 |
| Shareholder's Equity | 1.2% | 13,532 | 13,378 | 12,859 | 12,434 | 13,984 | 15,413 | 17,050 | 17,289 | 17,530 | 14,625 | 14,703 | 14,126 | 13,826 | 13,519 | 14,416 | 14,450 | 14,316 | 13,699 | 13,268 | 13,085 | 13,139 |
| Retained Earnings | 112.4% | 23.00 | -185 | -384 | -544 | -721 | -1,076 | -1,599 | -2,136 | -2,726 | -3,555 | -4,278 | -4,893 | -5,296 | -5,465 | -4,057 | -4,368 | -4,682 | -5,195 | -5,489 | -5,716 | -6,026 |
| Shares Outstanding | 0.4% | 302 | 301 | 299 | 300 | 313 | 327 | 338 | 350 | 363 | 372 | 375 | 374 | 374 | 373 | 374 | 384 | 393 | 400 | 405 | 417 | 426 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -4.0% | 5,795 | 6,038 | 6,247 | 6,033 | 5,892 | 4,513 | 4,042 | 4,218 | 4,199 | 4,095 | 3,739 | 3,521 | 3,368 | 3,783 | 4,050 | 3,939 | 3,985 | 4,134 | 4,150 | 4,050 | 4,018 |
| Cashflow From Investing | 13.8% | -10,308 | -11,960 | -17,263 | -23,431 | -20,442 | -17,235 | -11,098 | -4,153 | -2,969 | 9,204 | 8,427 | 10,384 | 10,043 | -2,053 | -3,769 | -8,811 | -10,899 | -12,148 | -14,509 | -13,411 | -11,057 |
| Cashflow From Financing | -12.7% | 10,395 | 11,911 | 11,575 | 11,590 | 4,868 | 306 | -3,848 | -9,152 | -6,758 | -3,343 | 25.00 | 2,346 | 2,286 | 434 | -1,530 | 4,537 | 6,244 | 7,982 | 10,721 | 8,192 | 6,127 |
| Dividend Payments | -2.1% | 368 | 376 | 384 | 385 | 383 | 355 | 324 | 309 | 289 | 290 | 289 | 284 | 278 | 275 | 273 | 269 | 266 | 254 | 242 | 233 | 224 |
| Buy Backs | -54.7% | 495 | 1,093 | 1,650 | 2,193 | 2,457 | 2,359 | 1,994 | 1,401 | 723 | 221 | 106 | 404 | 703 | 932 | 1,039 | 1,049 | 999 | 965 | 939 | 820 | 760 |
ALLY Income Statement
2023-06-30Condensed Consolidated Statement of Comprehensive Income (unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||||||||
| Financing revenue and other interest income | |||||||||||
| Interest and fees on finance receivables and loans | $ 2,721 | $ 1,842 | $ 5,296 | $ 3,556 | |||||||
| Interest on loans held-for-sale | 7 | 4 | 22 | 8 | |||||||
| Interest and dividends on investment securities and other earning assets | 247 | 203 | 485 | 391 | |||||||
| Interest on cash and cash equivalents | 87 | 5 | 143 | 7 | |||||||
| Operating leases | 392 | 396 | 794 | 799 | |||||||
| Total financing revenue and other interest income | 3,454 | 2,450 | 6,740 | 4,761 | |||||||
| Interest expense | |||||||||||
| Interest on deposits | 1,418 | 263 | 2,635 | 474 | |||||||
| Interest on short-term borrowings | 11 | 19 | 23 | 24 | |||||||
| Interest on long-term debt | 252 | 184 | 479 | 369 | |||||||
| Interest on other | 0 | 1 | 2 | 1 | |||||||
| Total interest expense | 1,681 | 467 | 3,139 | 868 | |||||||
| Net depreciation expense on operating lease assets | 200 | 219 | 426 | 436 | |||||||
| Net financing revenue and other interest income | 1,573 | 1,764 | 3,175 | 3,457 | |||||||
| Other revenue | |||||||||||
| Insurance premiums and service revenue earned | 310 | 280 | 616 | 560 | |||||||
| Gain on mortgage and automotive loans, net | 5 | 4 | 9 | 18 | |||||||
| Other gain (loss) on investments, net | 26 | (124) | 100 | (119) | |||||||
| Other income, net of losses | 165 | 152 | 279 | 295 | |||||||
| Total other revenue | 506 | 312 | 1,004 | 754 | |||||||
| Total net revenue | 2,079 | 2,076 | 4,179 | 4,211 | |||||||
| Provision for credit losses | 427 | 304 | 873 | 471 | |||||||
| Noninterest expense | |||||||||||
| Compensation and benefits expense | 448 | 437 | 985 | 930 | |||||||
| Insurance losses and loss adjustment expenses | 134 | 89 | 222 | 147 | |||||||
| Other operating expenses | 667 | 612 | 1,308 | 1,183 | |||||||
| Total noninterest expense | 1,249 | 1,138 | 2,515 | 2,260 | |||||||
| Income from continuing operations before income tax expense | 403 | 634 | 791 | 1,480 | |||||||
| Income tax expense from continuing operations | 74 | 152 | 142 | 343 | |||||||
| Net income from continuing operations | 329 | [1] | 482 | 649 | [1] | 1,137 | [1] | ||||
| Loss from discontinued operations, net of tax | 0 | 0 | (1) | 0 | |||||||
| Net income | 329 | 482 | 648 | 1,137 | |||||||
| Other comprehensive (loss) income, net of tax | (87) | (1,218) | 196 | (2,851) | |||||||
| Comprehensive income (loss) | 242 | (736) | 844 | (1,714) | |||||||
| Net income from continuing operations attributable to common stockholders | [1] | 301 | 454 | 593 | 1,081 | ||||||
| Loss from discontinued operations, net of tax | [1] | 0 | 0 | (1) | 0 | ||||||
| Net income attributable to common stockholders | [1] | $ 301 | $ 454 | $ 592 | $ 1,081 | ||||||
| Basic weighted-average common shares outstanding (in shares) | [1],[2] | 303,684 | 322,057 | 303,173 | 328,830 | ||||||
| Diluted weighted-average common shares outstanding (in shares) | [1],[2] | 304,646 | 324,027 | 304,050 | 330,882 | ||||||
| Basic earnings per common share | |||||||||||
| Net income from continuing operations (in dollars per share) | [1] | $ 0.99 | $ 1.41 | $ 1.96 | $ 3.29 | ||||||
| Net income (in dollars per share) | [1] | 0.99 | 1.41 | 1.95 | 3.29 | ||||||
| Diluted earnings per common share | |||||||||||
| Net income from continuing operations (in dollars per share) | [1] | 0.99 | 1.40 | 1.95 | 3.27 | ||||||
| Net income (in dollars per share) | [1] | 0.99 | 1.40 | 1.95 | 3.27 | ||||||
| Cash dividends declared per common share (in dollars per share) | [1] | $ 0.30 | $ 0.30 | $ 0.60 | $ 0.60 | ||||||
| |||||||||||
ALLY Balance Sheet
2023-06-30Condensed Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Cash and cash equivalents | ||
| Noninterest-bearing | $ 536 | $ 542 |
| Interest-bearing | 9,436 | 5,029 |
| Total cash and cash equivalents | 9,972 | 5,571 |
| Equity securities | 759 | 681 |
| Available-for-sale securities (amortized cost of $33,809 and $34,863) | 28,664 | 29,541 |
| Held-to-maturity securities (fair value of $850 and $884) | 1,030 | 1,062 |
| Loans held-for-sale, net | 297 | 654 |
| Finance receivables and loans, net | ||
| Finance receivables and loans, net of unearned income | 138,449 | 135,748 |
| Allowance for loan losses | (3,781) | (3,711) |
| Total finance receivables and loans, net | 134,668 | 132,037 |
| Investment in operating leases, net | 9,930 | 10,444 |
| Premiums receivable and other insurance assets | 2,768 | 2,698 |
| Other assets | 9,153 | 9,138 |
| Total assets | 197,241 | 191,826 |
| Deposit liabilities | ||
| Noninterest-bearing | 160 | 185 |
| Interest-bearing | 154,150 | 152,112 |
| Total deposit liabilities | 154,310 | 152,297 |
| Short-term borrowings | 2,194 | 2,399 |
| Long-term debt | 20,141 | 17,762 |
| Interest payable | 955 | 408 |
| Unearned insurance premiums and service revenue | 3,478 | 3,453 |
| Accrued expenses and other liabilities | 2,631 | 2,648 |
| Total liabilities | 183,709 | 178,967 |
| Contingencies (refer to Note 23) | ||
| Equity | ||
| Common stock and paid-in capital ($0.01 par value, shares authorized 1,100,000,000; issued 510,870,696 and 507,682,838; and outstanding 301,618,768 and 299,324,357) | 21,915 | 21,816 |
| Preferred stock | 2,324 | 2,324 |
| Retained earnings (accumulated deficit) | 23 | (384) |
| Accumulated other comprehensive loss | (3,863) | (4,059) |
| Treasury stock, at cost (209,251,928 and 208,358,481 shares) | (6,867) | (6,838) |
| Total equity | 13,532 | 12,859 |
| Total liabilities and equity | $ 197,241 | $ 191,826 |
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.