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MarketScreener Homepage  >  Equities  >  Nyse  >  Ally Financial Inc.    ALLY

ALLY FINANCIAL INC.

(ALLY)
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Ally Financial : to Buy CardWorks for $2.65 Billion

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02/18/2020 | 06:19pm EDT

By Josh Beckerman

 

Ally Financial has agreed to buy consumer finance company CardWorks for about $2.65 billion in cash and stock.

CardWorks has $4.7 billion in assets and $2.9 billion in deposits.

Ally said the deal will provide "instant capability and scale opportunity" in credit cards and merchant services.

CardWorks Chief Executive and founder Don M. Berman owns 70% of the company, which received minority investments in 2017 from Pacific Investment Management Co., Parthenon Capital Partners and Reverence Capital Partners.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

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Financials (USD)
Sales 2020 6 717 M
EBIT 2020 3 121 M
Net income 2020 1 502 M
Debt 2020 127 B
Yield 2020 4,84%
P/E ratio 2020 3,88x
P/E ratio 2021 3,39x
EV / Sales2020 19,7x
EV / Sales2021 18,7x
Capitalization 5 904 M
Chart ALLY FINANCIAL INC.
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Technical analysis trends ALLY FINANCIAL INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 32,21  $
Last Close Price 15,77  $
Spread / Highest target 147%
Spread / Average Target 104%
Spread / Lowest Target 14,1%
EPS Revisions
Managers
NameTitle
Jeffrey Jonathan Brown Chief Executive Officer & Director
Franklin W. Hobbs Chairman
Jennifer LaClair Chief Financial Officer
Sathish Muthukrishnan Chief Information, Data & Digital Officer
Mayree Carroll Clark Independent Director
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