JJ Hornblass's Blog Posts Tagged 'Ally' (6)

Good Times Roll for the Auto Finance Sector

LAS VEGAS -- The last few years have been as challenging for auto finance as any other sector. Faint access to capital, in particular, has made it challenging to grow auto finance.

After this week's Auto Finance Summit here, I can…

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Added by JJ Hornblass on October 25, 2012 at 2:00pm — 3 Comments

Ally's Post-Bankruptcy Challenge

A central tenet of Ally Financial's reorganization plan for its ResCap unit filed today is the company's continuing ability to grow its auto finance business. The question is, can Ally, in fact, grow that…

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Added by JJ Hornblass on May 14, 2012 at 10:30am — No Comments

No IPO for Ally Anytime Soon

With Facebook headed for a massive initial public offering, there was speculation that perhaps Ally Financial would reboot its IPO. Not happening, apparently.

Bloomberg is reporting that Ally's IPO will remain on hold as it continues to work through its legacy mortgage…

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Added by JJ Hornblass on February 7, 2012 at 8:22am — 1 Comment

Ally Posts Strong 2Q Auto Originations, Despite Weak Overall Earnings

Ally Financial continues to put up huge origination numbers in its auto financing business.

Ally's second quarter earnings released today show originations up across the board, with leasing enjoying the greatest year-over-year increase (+155% YOY). In all, Ally's originations climbed to $9.5 billion last quarter from $8 billion in the same quarter…

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Added by JJ Hornblass on August 2, 2011 at 1:30pm — No Comments

With an IPO in Sight, Ally Chooses Four Investment Banks

Once the investment banks are contracted, there's no turning back on an initial public offering.

That's where Ally finds itself now that it has reportedly chosen Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley to lead its stock sale.

The news comes from the DealBook blog of the The New York Times.

There had been various reports that Ally was…

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Added by JJ Hornblass on February 4, 2011 at 2:33pm — No Comments

Ally, Santander, USAA, Wells Fargo and GM Financial Win 2010 Excellence Awards

Five companies have been awarded 2010 Auto Finance Excellence Awards, which are presented annually to companies in the last year that have achieved notable success or contributed greatly to the auto finance industry.


The companies – Ally Financial, Santander Consumer USA, USAA Federal Savings Bank, Wells Fargo Dealer Services, and GM Financial – were presented with the awards at the Auto Finance Summit in Las Vegas on Oct. 13,…
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Added by JJ Hornblass on October 15, 2010 at 3:30pm — 1 Comment


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