Ally Financial touts strong balance sheet, $43.6 billion of liquidity

By Devika Patel

Knoxville, Tenn., July 17 – Ally Financial Inc. reported a “robust” balance sheet and capital position with $43.6 billion of liquidity despite uncertainty in the current market environment.

“Ally’s balance sheet and capital position remain robust,” chief executive officer Jeffrey J. Brown said on the company’s second quarter ended June 30 earnings conference call on Friday.

“Our liquidity position increased significantly to $43.6 billion, reflecting our ability to withstand adverse changes in the broader environment,” chief financial officer Jennifer LaClair said on the call.

“I think the company, with our balance sheet where it is, we feel like we’re in a great position in this environment.

“We’ve got strong liquidity.

“We’ve got our highest level of capital that we’ve had in the history of the company, so we think we’re incredibly well positioned,” LaClair said.

Ally is a financial services company based in Detroit.

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