Ally Financial's credit challenges have intensified over the quarter as borrowers struggled with high inflation and costs of living, the consumer lender's chief financial officer Russell Hutchinson said on Tuesday, sending its shares down 17%.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The CBOE Volatility Index, known as VIX and a measure of the market's expectation of volatility over the coming month, spiked to its highest level in years early in August and, to a lesser extent, again at the start of September. Investors often turn to time-tested strategies like value investing in increased volatility.
Ally Financial has experienced strong stock performance, outperforming the S&P 500 and the Bank Index due to dovish monetary policy expectations. Despite positive outlooks and strategic improvements, ALLY's current valuation suggests overvaluation, with a price-to-book ratio higher than its historical average. Interest rate cuts could benefit Ally, but the stock's current valuation lacks a margin of safety, making it less attractive for new positions. Therefore, I rate the stock as hold.
Does Ally Financial (ALLY) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ally Financial (ALLY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Ally Financial (ALLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.