Ally Financial (ALLY) Suspends Share Buyback Plan

Ally Financial Inc. (NYSE: ALLY) today announced that it will suspend its repurchases of common stock for the remaining period of the first quarter and second quarter of 2020.

Ally is committed to 'Do It Right' for its stakeholders and is actively supporting customers, employees, and communities in this unprecedented environment. This voluntary action is being taken to support the Federal Reserve's effort to mitigate the impact of the COVID-19 pandemic on the U.S. economy and the financial system. Ally has consistently passed the Federal Reserve's stress tests, maintains strong capital and liquidity levels and has a demonstrated history of serving its stakeholders during periods of economic stress.

This announcement does not impact planned dividend payments to shareholders, and the company retains the ability to resume purchases of its common stock under its share repurchase program as circumstances warrant. In total, since the beginning of the third quarter of 2019, Ally has executed approximately $700 million of share repurchases relative to its 2019 Capital Plan authorization of up to $1.25 billion.

You May Also Be Interested In

• BOSS Zhipin share buybacks reach nearly RMB1.94 billion in 2026
• Accenture raises fiscal 2026 buyback program by $2 billion
• Aelis Farma discloses share buyback program details