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Last year, Ally sold its lending business to Synchrony Financial, which included loan receivables worth $2.2 billion. ... 13 vintage cameras that are now collector's treasures.
Image source: The Motley Fool. Synchrony Financial (NYSE: SYF) Q4 2024 Earnings Call Jan 28, 2025, 8:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
So it shouldn't be surprising to find out that auto loans are a massive part of Ally Financial's business even to this day, making up roughly 60% of the bank's loan book at the end of 2024.
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
Ally Financial Inc. (known as GMAC until 2010) is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease ...
Downey Savings and Loan: U.S. Bancorp: U.S. Bancorp: 2009 M&T Bank: Provident Bank of Maryland: M&T Bank: M&T Bank: 2009 M&T Bank: Bradford Bank: M&T Bank: M&T Bank: 2011 M&T Bank: Wilmington Trust: M&T Bank: M&T Bank: 2011 Capital One: ING Direct USA: Capital One: $9 billion [44] Capital One: 2012 PNC Financial Services: RBC Bank: PNC ...
In March, Synchrony bought Ally Lending for an undisclosed amount, onboarding $2.2 billion in loan receivables, though in its latest investor call for the first quarter of 2024, executives said ...
Today, Ally Financial's product offerings include auto loans, insurance, basic banking, credit cards, investments, and mortgage lending. So, from a big-picture perspective, it is just a typical ...