2 Warren Buffett Stocks to Buy Hand Over Fist and 1 To Avoid
Capital One Financial has a highly profitable business and its pending acquisition of Discover is interesting. Ally Financial is a cheap bank stock that is a leader in auto lending.
Want to Get Richer? Buy This Warren Buffett Dividend-Growth Stock as the Fed Lowers Interest Rates.
Ally Financial, owned by Warren Buffett's Berkshire Hathaway, is a bank that struggled with higher interest rates. As the Federal Reserve lowers rates, Ally will get a boost.
1 Dividend Growth Stock That Will Thrive Thanks to the Federal Reserve Lowering Interest Rates
Ally Financial felt the squeeze when interest rates started to rise. Now, with interest rates falling, the bank should see an earnings tailwind.
This Buffett Stock Just Went on Sale. Time to Buy?
Ally is the top U.S. digital bank, and it has a large auto lending segment. The CFO noted last week that auto delinquencies have been worse than expected.
Financials Sector Fallout: Macro Clues From Conferences and Interim Data
Conference season brings about its own set of volatility catalysts. Portfolio managers and traders must keep their ears out for clues on the state of the broad economy, specific industries and individual companies.
This Warren Buffett Stock Just Fell Under $40: Time to Buy the Dip?
Ally Financial is seeing rising delinquencies on its automotive loans. The company is facing many headwinds but is still increasing its customer count and it's profitable.
Ally Financial Stock Down 16.6% in a Week: Should You Buy Now or Wait?
ALLY stock slumps 16.6% in a week. Let's analyze whether investors should buy it now or wait for more clarity on credit quality performance.
Why Shares of Ally Financial Are Plunging This Week
Management said that credit conditions in its retail auto portfolio are deteriorating faster than expected. The company will likely have to take higher credit provisions in the coming quarters, which could erode earnings.
Why JPMorgan and Other Bank Stocks Tumbled Tuesday
Bank stocks slumped on Tuesday as a torrent of unsettling business updates pouring out of an industry conference overshadowed a major regulatory win for the industry.
Ally's Stock Drops as its CFO Says Consumers Are Struggling and Delinquencies Are Rising
Ally Financial (ALLY) stock sank sharply after the bank's chief financial officer said at an investor conference that consumers are struggling with inflation and that Ally Bank's credit challenges have "intensified" during the current quarter.
Ally Financial shares plunge as lender says consumers are struggling to pay back loans
Ally Financial Corp.'s stock fell sharply on Tuesday after the consumer lender said delinquencies in its retail car-loan business were up more than expected as people continue to struggle with inflation.
Why Ally Financial Shares Are Plunging Today
The bank's CFO said consumers are feeling the pressure of higher interest rates and a softening job market. The bank appears to be telegraphing plans to boost its reserves, which will cut into its earnings.
