Here's My Top Bank Stock to Buy in February
Ally Financial (ALLY 2.39%) is one of the top auto lenders in the United States, but there's a lot more to this business. In this video, I discuss why Ally could be an excellent bank stock to buy right now and hold for years to come.
3 Stocks to Watch From the Challenging Consumer Loan Industry
Concerns related to higher interest rates and poor asset quality are likely to hurt the Zacks Consumer Loans industry. However, digitization of operations and easing lending standards will support COF, ALLY and OMF.
MoneyShow's Best Investment Ideas For 2025: Part 6
MoneyShow presents top investment ideas for 2025 from their contributors. This year's edition presents a broad mix of theme-based stock picks, momentum-driven high-flyers and beaten-up stocks with turnaround potential, along with some speculative plays and ETFs. Part 6 includes Medpace Holdings, Ally Financial, OneStream, Vertiv Holdings and Peloton Interactive, among others.
Ally Financial: Asset Sale Should Not Outweigh A Mixed Outlook
Ally Financial Inc.'s Q4 results alleviated some credit loss concerns, but ongoing elevated delinquencies and uncertain 2025 outlook warrant a cautious “hold” rating. Lower provisions boosted earnings, but credit performance remains “choppy” with delinquencies still elevated, necessitating excess reserves. The sale of Ally's credit card business supports capital but reduces net interest margins; the company has been steadily reducing risk-weighted assets to support capital.
2025 Could Be an Inflection Point for This Fintech Stock
Ally Financial (ALLY 1.11%) has underperformed the market over the past year, with fears of rising defaults and demand concerns weighing on the bank's stock. However, the company just announced some big moves, and 2025 could be a major inflection point for this business.
ALLY Stock Up on Q4 Earnings Beat, Divestiture of Credit Card Business
Higher net finance revenues and lower expenses and provisions aid Ally Financial's Q4 earnings. The company announces the sale of its credit card business.
Ally Financial price target raised to $34 from $32 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised the firm's price target on Ally Financial to $34 from $32 and keeps an Underweight rating on the shares. The firm notes the company restated results for an EV accounting change, creating noise in Q4. Auto credit performance improved, helping the 2025 NCO outlook beat. From a stock standpoint, higher rates remain a headwind, Wells adds.
Ally Financial Stock Surges as Company Beats Profit Estimates, Sells Credit Card Business
Ally Financial (ALLY) shares surged Wednesday after the financial firm posted fourth-quarter earnings and revenue that exceeded estimates as it cut costs, and announced it was selling its credit card business.
Ally Financial Inc. (ALLY) Q4 2024 Earnings Call Transcript
Ally Financial Inc. (NYSE:ALLY ) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants Sean Leary - Head of IR Michael Rhodes - CEO Russ Hutchinson - CFO Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Robert Wildhack - Autonomous Research Moshe Orenbuch - TD Cowen Mark DeVries - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 Ally Financial Earnings Conference Call.
Leading Indicators Data in Focus
Ahead of today's regular stock market trading session, pre-market futures are picking up where they left off Tuesday afternoon: higher. Continued optimism for a pro-growth Trump administration are sending major indexes to loftier reaches: the Dow is currently +145 points (+0.33%), the S&P 500 is +34 (+0.56%) and the Nasdaq +219 points (+1.01%).
Ally Financial (ALLY) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Ally Financial (ALLY) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ally Sells $2.3 Billion Credit Card Business to CardWorks
Ally Financial has sold its credit card business to consumer finance company Cardworks. The deal, announced in a news release Wednesday (Jan. 22), will see CardWorks and its subsidiary Merrick Bank acquire Ally's credit card portfolio of $2.3 billion in credit card receivables and 1.3 million active cardholders.
