Ally Financial

Ally Financial Inc.

Headquarters at Ally Detroit Center
Formerly	GMAC Inc. (1919–2010)
Company type	Public
Traded as	NYSE: ALLY S&P 400 component
Industry	Financial services
Founded	1919; 105 years ago (1919) (as General Motors Acceptance Corporation)
Headquarters	Ally Detroit Center Detroit, Michigan, United States (Ally Financial) Sandy, Utah, United States (Ally Bank) Ally Charlotte Center Charlotte, North Carolina, United States (Corporate Center)
Key people	Franklin W. Hobbs (chairman) Michael Rhodes (CEO) Russell Hutchinson (CFO)
Services	Car finance Online banking Mortgage loans Stockbroker Electronic trading platform
Revenue	US$8.206 billion (2021)
Operating income	2,342,000,000 United States dollar (2022)
Net income	US$1.020 billion (2023)
Total assets	US$196.392 billion (2023)
Total equity	US$13.766 billion (2023)
Number of employees	11,100 (2023)
Website	ally.com
Footnotes / references [1]

Ally Financial Inc. (previously known as GMAC) is a 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 agreements.

Ally is one of the largest car finance companies in the U.S. It provides car financing and leasing for 4.1 million customers and originated 1.2 million car loans in 2023. It is on the list of largest banks in the United States by assets and has 2.0 million depositors.^[2][1] The company has sold more than 5 million vehicles, including 505,000 vehicles sold in 2023 via its SmartAuction online marketplace for auto auctions, launched in 2000.^[1]