Synchrony Financial (SYF) to Acquire Point-of-Sale Financing Business of Ally Financial (ALLY)

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/18/2026

1. SPY
2. FLNC
3. CRM
4. GNRC
5. CRWV
6. NVDA
7. LEN
8. USO
9. LMT
10. META

Go back to Synchrony Financial (SYF) to Acquire Point-of-Sale Financing Business of Ally Financial (ALLY)

Ally Financial shares rally after agreeing to sell point-of-sale financing business, revenue tops consensus

January 19, 2024 12:11 PM EST

Ally Financial (NYSE: ALLY) shares rallied as much as 10% Friday after the company reported its latest quarterly earnings, topping consensus revenue estimates. It was also announced that Synchrony Financial has agreed to buy Ally's point-of-sale financing business, including $2.2 billion of loan receivables.

Ally Lending, its point-of-sale financing business, has a portfolio that includes relationships with nearly 2,500 merchant locations and supports more than 450,000... More