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

Reuters02:54
BUZZ-Ally Financial inches up after report company weighing sale of credit card business

** 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;))

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