ALLY, CAR and DNOW have been added to the Zacks Rank #5 (Strong Sell) List on October 11, 2024.
Both offer high yields in a turbulent time.
ALLY, BHP and DIN have been added to the Zacks Rank #5 (Strong Sell) List on October 7 2024.
Ally Financial (ALLY) stock suffered a 17.1% bear gap on Sept. 10 after the bank issued a dire credit warning.
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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.
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.
Ally Financial felt the squeeze when interest rates started to rise. Now, with interest rates falling, the bank should see an earnings tailwind.
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.
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.
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 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.