Ally (ALLY) is up 3.16% to close at $ 54.90 on October 15th

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Today Ally Financial Inc Inc (NYSE: ALLY) stock gained $ 1.68, up 3.16%. Ally opened at $ 53.87 before trading between $ 55.47 and $ 53.78 throughout the Friday session. The activity increased Ally’s market cap to $ 19,793,741,306 on 2,940,065 shares – above its 30-day average of 2,659,675.

Ally employs approximately 8,700 people and is headquartered in Detroit, Michigan.

About Ally Financial Inc

Ally Financial Inc. is a leading digital financial services company with $ 182.2 billion in assets as of December 31, 2020. A customer-centric company with a passion for customer service and innovative financial solutions, it focuses on trusted financial services for its retail, business and corporate customers. It is one of the largest full-service automotive finance companies in the country, offering a wide range of financial services and insurance products to car dealers and consumers. Its award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage loans, personal loans and a variety of deposit and other banking products including savings, money market and checking accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs) . It also provides securities brokerage and investment advisory services through Ally Invest. The solid corporate finance business offers capital for equity investors and medium-sized companies.

Visit Ally Financial Inc’s profile for more information.

The daily fix

JPMorgan Misses Third Quarter Revenue and Beats Earnings Estimates with One-Time Items

JPMorgan Chase posted a 24% profit jump in the third quarter on Wednesday, mainly driven by one-off items that improved its results as the bank struggled to grow revenues with interest rates close to zero.

The country’s largest bank by assets said it had earnings of $ 11.69 billion, or $ 3.74 per share, compared to earnings of $ 9.44 billion, or $ 2.92 – dollars per share over the same period last year. The bank had two one-time items that helped grow its profits this quarter: an income tax break of $ 566 million and the release of $ 2.1 billion from its battered loan books, something the JPMorgan did has been doing the pandemic every three months since the US economy recovered from recovery.

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BlackRock beats earnings estimates for the third quarter, but asset growth is flattening

BlackRock Inc beat earnings estimates for the third quarter, helped by robust performance fees and strong demand for its actively managed and sustainable funds, despite volatile markets preventing the world’s largest wealth manager from growing its assets under management.

Asset managers have benefited from soaring global financial markets in recent quarters as investors put money into work and made the most of the post-pandemic economic reopening, fueled by advances in vaccination and strong fiscal and monetary aid.

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Emerson Electric to merge industrial software businesses with Aspen Technology

Industrial software company Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller competitor Aspen Technology Inc (Nasdaq: AZPN) in a $ 11 billion deal.

The cash and stock deal announced Monday that AspenTech is valued at approximately $ 160 per share, a 27% premium from the October 6 close, before Bloomberg News first reported talks between the two companies.

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Via the New York Stock Exchange

The New York Stock Exchange is the largest exchange in the world by market value at over $ 26 trillion. It is also a leader in initial public offerings of $ 82 billion in 2020, including six of the seven largest technology deals. 63% of SPAC’s 2020 revenue was raised on the NYSE, including the six largest deals.

For more information about Ally Financial Inc and to keep up with the latest updates from the company, please visit the company’s profile page here: Profile of Ally Financial Inc. For more news on the financial markets, visit Equities News. Don’t forget either Registration for the Daily Fix to get the best stories to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute delayed prices. All other data will be provided by IEX Cloud starting at 8:05 p.m. ET on the day of publication.

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