Ally Financial Posts 4th Q Profit

- January 31, 2011

Ally Finan­cial Inc., for­mer­ly GMAC, post­ed a 4th Q prof­it after post­ing a $5B loss in 2009 for the same peri­od. 74% of Ally is owned by the U.S. Trea­sury. Ally plans to run an IPO in 2011. Michael Car­pen­ter, CEO of Ally, called the results encour­ag­ing.