It's always a good time to buy dividend stocks, but when the market is volatile, it's even more important. The market doesn't look volatile right now; the S&P 500 is up 25% so far this year and reaching record highs.
Investors cheer as ALLY considers selling its credit card business as part of the initiative to focus on core auto lending and digital banking operations.
Key Points Barring a return of inflation, rates should trend lower in 2025.
These two stocks add tremendous value to almost any portfolio.
Key Points Donald Trump's presidential win is being considered the biggest political comeback ever.
These companies are flying under the radar and have a long runway to grow.
Investors must keep an eye on near-term concerns like NIM contraction and poor asset quality before making any decision regarding Ally Financial stock.
Ally Financial's recent poor performance is due to rising credit costs, as delinquencies continue to increase. Q3 earnings were inflated by tax benefits, masking underlying issues like higher charge-offs and disappointing interest margins. Credit costs and delinquencies are rising, leading to increased reserves and a cautious outlook that now extends into 2025.
This innovative online bank just reported earnings, and the results show why I like the stock so much.
DDD, FLWS and ALLY have been added to the Zacks Rank #5 (Strong Sell) List on October 22, 2024.
ALLY's third-quarter 2024 results beat estimates driven by higher top line and lower costs. Yet, higher provisions and lower loans and deposits remain woes.
Ally Financial CEO Michael Rhodes says the company's next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter standards for borrowers by instituting tighter verification requirements for proving income and employment.