ALLY FINANCIAL INC. (NYSE:ALLY) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
announcing that the Federal Reserve did not object to the
companys capital plan as part of the Comprehensive Capital
Analysis and Review. A copy of the press release is attached as
Exhibit 99.1 hereto.
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Exhibit No.
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Description
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99.1
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Comprehensive Capital Analysis and Review Press Release
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Ally Financial Inc. ExhibitEX-99.1 2 ex991ccarpressrelease.htm EXHIBIT 99.1 Exhibit Ally Announces Non-Objection to 2017 Capital Plan Capital Plan Includes Higher Share Repurchases and Proposed Dividend IncreaseDETROIT – Ally Financial Inc. (NYSE: ALLY) today announced that the Federal Reserve did not object to the company’s capital plan as part of the Comprehensive Capital Analysis and Review. Ally’s capital plan includes the following actions:•A $0.04 increase in the quarterly cash dividend on common stock from $0.08 per share to $0.12 per share,…To view the full exhibit click here About ALLY FINANCIAL INC. (NYSE:ALLY)
Ally Financial Inc. is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations. Its Automotive Finance operations segment provides automotive financing services to consumers and automotive dealers. Its Insurance operations segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. Its Mortgage operations segment includes the management of its held-for-investment mortgage loan portfolio and the execution of bulk purchases of jumbo and low-to-moderate income (LMI) mortgage loans originated by third parties. Its main lines of business are Dealer Financial Services, which includes its Automotive Finance and Insurance operations, and Mortgage.