Ally Financial inches up after report company weighing sale of credit card business

Ally Financial

22/11/2024 18:54

** Shares of consumer lender Ally Financial  ALLY.N  spike
higher; last up 3.4% at $34.89 in afternoon trading
    ** ALLY is exploring a sale of its credit card arm,
Bloomberg News reports, citing people familiar with the matter
    ** Company working with financial adviser to find buyers for
the unit, report says
    ** ALLY bought the unit for $750 mln in 2021, then known as
Fair Square Financial
    ** As of last close, ALLY shares up 6.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))