Crain's Detroit17d
Ally Financial offloads credit card business, $2.3B loan portfolio
CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders as of the end of last year, Ally said. Additional terms of the deal ...
The Business Journals18d
Ally Financial to sell credit card business
Ally Financial has entered into an agreement to sell its credit card division. Ally Financial Inc. (NYSE: ALLY) has entered into an agreement to sell its credit card division to CardWorks Inc ...
AOL3d
Ally Financial Had a Good Quarter, but Is the Credit Card Sale a Positive or a Negative?
the sale of Ally's credit card business. Ally Financial was created when it was spun off of General Motors. Prior to the 2014 spinoff, it was GM's financing arm. So it shouldn't be surprising to ...
Ally Financial price target raised to $41 from $40 at TD Cowen
TD Cowen raised the firm’s price target on Ally Financial (ALLY) to $41 from $40 and keeps a Buy rating on the shares. The firm said the Q4 ...
Seeking Alpha18d
Ally Financial to sell credit card business to CardWorks
Financial services company Ally Financial (NYSE:ALLY) has reached an agreement to sell its credit card business to CardWorks. The transaction is expected to close in 2025, subject to the ...