Ally Financial (ALLY) gains as Washington sells stake

Ally Financial Inc. (NYSE: ALLY) shares hopped up 3.5% to $23.55, after it announced the U.S. Treasury Department is selling its remaining stake in the former financing arm of General Motors, which received a bailout during the 2008 financial crisis. The Detroit-based lender also said it has been subpoenaed by the Justice Department related to its consumer loans. Share volume totaled three million, compared to an all-day average of 479,000