ALLY Stock Summary and Trading Ideas (Ally Financial | NYSE:ALLY)

Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.

Ally Financial trades on the NYSE stock market under the symbol ALLY.

As of November 8, 2024, ALLY stock price declined to $37.56 with 2,454,016 million shares trading.

ALLY has a beta of 1.03, meaning it tends to be more sensitive to market movements. ALLY has a correlation of 0.11 to the broad based SPY ETF.

ALLY has a market cap of $11.44 billion. This is considered a Large Cap stock.

Last quarter Ally Financial reported $2 billion in Revenue and $.95 earnings per share. This beat revenue expectation by $28 million and exceeded earnings estimates by $.42.

In the last 3 years, ALLY traded as high as $53.83 and as low as $21.59.

The top ETF exchange traded funds that ALLY belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

ALLY has outperformed the market in the last year with a price return of +48.2% while the SPY ETF gained +38.4%. However, in the short term, ALLY had mixed performance relative to the market. It has underperformed in the last 3 months, returning -6.3% vs +13.1% return in SPY. But in the last 2 weeks, ALLY shares have fared better than the market returning +10.0% compared to SPY +3.3%.

ALLY support price is $37.16 and resistance is $38.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALLY shares will trade within this expected range on the day.