Ally Financial (ALLY) Announces Stress Capital Buffer
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Ally Financial Inc. (NYSE: ALLY) today announced that its Stress Capital Buffer (SCB) is 3.5%, as determined by the Board of Governors of the Federal Reserve System (Federal Reserve) in connection with the 2020 Comprehensive Capital Analysis and Review (CCAR).
"Ally entered the current environment with a strong capital position and resilient balance sheet," said Ally Chief Executive Officer Jeffrey J. Brown. "Our proven ability to lead, adapt and innovate strengthens my confidence in delivering on our long-term strategic priorities as we continue serving as a source of strength for our customers and communities. We intend to maintain our current common dividend for the third quarter, subject to approval by Ally's board of directors."
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