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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.
CHARLOTTE, N.C. , Sept. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) has scheduled the release of its third quarter financial results for Friday, October 18, 2024, at approximately 7:30 a.m.
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.
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.
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 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%.
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.
Accomplished business leader and legal expert will lead a newly created Legal & Corporate Affairs Office at the company CHARLOTTE, N.C. , Sept. 9, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced Hope Mehlman will join the company as chief legal and corporate affairs officer, effective Dec. 2, 2024.