NYSE:ALLYConsumer Finance
Ally Financial Buyback Signals Confidence In Capital Returns And Credit Trends
Ally Financial (NYSE:ALLY) approved a new $2 billion open-ended share repurchase program.
The buyback plan follows a recent refresh of the company’s priorities and capital approach.
The program adds a new capital return lever alongside existing efforts to refine the business mix.
Ally Financial enters this move with its shares at $40.51 and a mixed performance profile, including a 14.7% gain over the past year and a 49.7% return over three years. Returns over the past month and year to date...