ALLY

Ally Financial Authorizes $2 Bln Multi-year Share Repurchase Program

(RTTNews) - Ally Financial Inc. (ALLY), a digital financial services company, on Wednesday said its board has authorized a new multi-year share repurchase program of up to $2 billion with no specified expiration date.

The company said repurchases may commence this quarter.

CEO Michael Rhodes said the authorization reflects strong business momentum and confidence in the company's outlook.

In the pre-market trading, Ally Financial is 2.93% higher at $43.58 on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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