Janney Capital maintains positive outlook for Ally Financial
Analysts at Janney Capital Markets are maintaining a positive outlook on Ally Financial, citing expectations the lender's performance will improve as the Treasury's stake in the business is greatly reduced.
Ally Bank, the direct banking subsidiary of Ally Financial Inc., today announced that it completed the sales of approximately $115 billion in unpaid principal balance of agency mortgage servicing rights to Ocwen Financial Corp. and Quicken Loans, Inc. In total, Ally Bank has received approximately $850 million in proceeds for the transactions.