Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company with the nation's largest all-digital bank and an industry-leading auto financing business. Ally was originally founded by General Motors (GM) in 1919 as the General Motors Acceptance Corporation (GMAC) in Detroit, Michigan. Its initial purpose was to provide financing to customers for GM vehicle purchases. Ally operates through its automotive finance, insurance, and corporate finance operations. It serves over 11 million customers through banking, auto and corporate financing, insurance, investment advisory, and dealer and security brokerage services.
Michael Rhodes is the Chief Executive Officer of Ally Financial. In late 2024, Ally announced several new leadership appointments, including Stephanie Richard as Chief Risk Officer and Meghan Ryan as Chief Audit Executive. Ally has been restructuring its operations to create a more streamlined organization, including the divestiture of its credit card business in 2025. Ally's stock has been performing well, with a 13.7% gain in the past six months. Ally reported adjusted earnings of $3.81 per share for 2025, up 62% year-over-year. The company's mission is to "Do It Right" and be a relentless ally for customers and communities.