Ally Financial Inc. (ALLY)
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.
Ally Financial flags 'intensifying' credit challenges; shares slump
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%.
Should Value Investors Buy Ally Financial (ALLY) Stock?
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.
3 Overlooked Value Stocks to Buy and Hold for Long-Term Gains
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: Bright Outlook Ahead, But Is Overvalued
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.
What Makes Ally Financial (ALLY) a Strong Momentum Stock: Buy Now?
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Here's Why Ally Financial (ALLY) is a Strong Value Stock
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Are Investors Undervaluing Ally Financial (ALLY) Right Now?
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.
