What is the Ally Financial Net Worth/ Market Cap in 2024: Finance Performance Overview

What is the Ally Financial Net Worth/ Market Cap in 2024: Finance Performance Overview

Discover Ally Financial net worth and financial performance in 2024. Join Ando Money as we explore the latest insights into one of the prominent banks in the USA.

Quick Facts

NameAlly Financial Inc.
Full NameAlly Financial Inc.
Traded asNYSE: ALLY
FoundersGeneral Motors Corporation
Country/TerritoryUnited States
HeadquartersDetroit, Michigan, U.S.
Chief Executive OfficerMichael Rhodes
Number of Employees11,000
Market Cap$10.53 billion
Total Assets$196 billion
Total EquityN/A
Revenue$16.2 billion
Net Income$129 million (1Q 2024)

What is the Net Worth/ Market Cap Of Ally Financial in 2024?

What is the Net Worth/ Market Cap Of Ally Financial in 2024?

Ally Financial’s market capitalization is $10.53 billion in 2024. It ranks below Fifth Third Bank ($23.49 billion) and Citizens Financial Group ($15.45 billion).

Despite its smaller size, Ally Financial shows strong performance and resilience. Its focus on digital banking and auto finance drives growth.

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With innovation and customer satisfaction at its core, Ally is set for future success.

Ally Financial Performance Overview

Ally Financial Performance Overview

Key Factors Contributing to Revenue

Auto loan originations

Ally Financial‘s revenue is driven by several key factors, most notably its auto loan originations.

In the first quarter of 2024, the company reported a record 3.8 million consumer auto applications, resulting in nearly $10 billion in originations.

This robust performance highlights the strength of Ally’s auto finance segment, which benefits from a high-tech, high-touch approach that caters to a broad range of customers.

The company’s focus on high credit quality originations ensures attractive risk-adjusted returns.

Digital banking services

Digital banking services also play a critical role in Ally’s revenue generation. The company has seen substantial growth in retail deposits, which reached $145.1 billion in the first quarter of 2024.

This growth was supported by the addition of 103,000 new customers, bringing the total number of depositors to over 3 million.

Ally’s commitment to providing best-in-class digital experiences has significantly enhanced its customer value proposition, attracting a diverse and loyal customer base.

Insurance premiums

Insurance premiums are another major contributor to Ally Financial’s revenue. The company reported record earned premiums of $349 million in the first quarter of 2024.

New OEM relationships have driven continued momentum in this segment, enhancing fee revenue and solidifying Ally’s position in the insurance market.

The comprehensive product suite offered by Ally has proven to be a significant draw for customers seeking reliable insurance solutions.

Corporate Finance and Strategic Role

Corporate finance is another important component of Ally’s strategy. In the first quarter of 2024, the company’s corporate finance portfolio generated pre-tax income of $90 million.

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This performance was driven by lower provision expenses and higher net financing revenue, highlighting the strength of Ally’s corporate finance operations.

Ally’s corporate finance segment focuses on providing capital for equity sponsors and middle-market companies.

This strategic approach enables the company to support a diverse range of businesses, contributing to overall financial stability and growth.

Ally’s commitment to strategic partnerships and investments further enhances its corporate finance capabilities, positioning the company for long-term success.

Financial Metrics and Implications

Ally uses a range of financial metrics to assess its performance and inform strategic decisions.

Key metrics include GAAP and non-GAAP financial measures, earnings per share, and return on tangible common equity.

In the first quarter of 2024, Ally reported GAAP EPS of $0.42 and adjusted EPS of $0.45, reflecting the company’s strong financial performance.

The company’s return on tangible common equity (ROTCE) was 6.5%, demonstrating its ability to generate returns on its equity base.

These metrics are crucial for understanding Ally’s financial health and operational efficiency.

By focusing on core financial measures, Ally can effectively manage its resources and drive sustainable growth.

Strategic Initiatives and Future Outlook

Ally focuses on long-term growth. Michael Rhodes became CEO, signaling a new chapter. The sale of Ally Lending and other moves strengthened its position.

Priorities include expanding digital banking, enhancing customer experiences, and driving operational excellence. Ally’s mission and values position it for continued success.

FAQs about Ally Financial

FAQs about Ally Financial

What is Ally Financial?

Ally Financial Inc. is a leading digital financial services company offering a range of financial products and services, including online banking, auto financing, and mortgage services.

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It operates through Ally Bank, which is FDIC insured.

Is Ally Bank FDIC insured?

Yes, the bank is FDIC insured, protecting deposits up to $250,000 per depositor per account category.

How can I contact Ally Financial?

Contact Ally Financial through their dedicated lines for various services, detailed on their contact page.

What types of accounts and services does Ally Bank offer?

The bank offers checking and savings accounts, credit cards, investment and retirement accounts, mortgage services, and auto financing.

Can I access Ally Auto services through the mobile app?

No, Ally Auto services require separate login credentials from the Ally Bank mobile app.

What should I do if I have a problem with accessibility on Ally’s platforms?

Contact Ally directly for assistance with accessibility issues. They adhere to industry standards to ensure their services are accessible.

What financial education programs does Ally offer?

Ally Wallet Wise offers free online courses and live events covering budgeting, credit, auto finance, banking, and investing.

Is there a fee for receiving wire transfers at Ally Bank?

No, Ally does not charge a fee for receiving wire transfers, though intermediary banks may charge fees.


Ally Financial net worth in 2024 showcases their strong market position and financial health. For more in-depth analysis, visit andomoney.com. Stay informed with Ando Money!

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