Market Chatter: Ally Financial Explores Sale of Credit Card Business

MT Newswires Live11-23

Ally Financial Inc (ALLY) is weighing a sale of its credit card business, Bloomberg reported Friday, citing people familiar with the matter.

The company reentered the credit card business in 2021 through an acquisition, the news outlet reported. The company had roughly $2.1 billion in credit card loans on average at the end of Q3.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 38.59, Change: +1.40, Percent Change: +3.76

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