J.P. Morgan Securities LLC and Sullivan & Cromwell LLP advised Ally on the financial and legal aspects of the deal, respectively. CardWorks was advised by Cravath, Swaine & Moore LLP. This move ...

Sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit card issuer and servicer "Ally's decision to sell its credit card ...

Ally Financial is exiting the credit card business to focus on core operations like car loans. Read more to see why I rate ALLY stock a buy.

Ally Financial ALLY has announced a balance sheet ... These included an agreement to sell its credit card business to CardWorks and its wholly-owned bank subsidiary, Merrick Bank.

In the fourth quarter of 2024, Ally reached an agreement to sell its credit card business to CardWorks ... are excluded from adjusted metrics. Ally Financial reported EPS of 78 cents, beating ...

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Financial services company Ally Financial (NYSE:ALLY) has reached an agreement to sell its credit card business to CardWorks. The transaction is expected to close in 2025, subject to the ...

Ally Financial has agreed to sell its credit-card business to a subsidiary of credit-card servicer CardWorks for an undisclosed amount. The holding company for Ally Bank said Wednesday that ...

(Reuters) -Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares of Ally jumped 8.6% in ...