Sell Rating on Ally Financial Amid Operational Concerns and Fed Cut Uncertainties
TipRanks (Thu, 18-Apr 9:27 PM ET)
Ally Financial stock climbs after Q1 earnings beat, revenue guidace raised
Seeking Alpha News (Thu, 18-Apr 11:00 AM ET)
Ally Financial stock climbs after Q1 earnings beat, revenue guidance raised
Seeking Alpha News (Thu, 18-Apr 11:00 AM ET)
Ally Financial Non-GAAP EPS of $0.45 beats by $0.12, revenue of $1.99B beats by $40M
Seeking Alpha News (Thu, 18-Apr 7:27 AM ET)
Ally Financial reports first quarter 2024 financial results
PRNewswire (Thu, 18-Apr 7:25 AM ET)
Options Volatility and Implied Earnings Moves Today, April 18, 2024
TipRanks (Thu, 18-Apr 7:05 AM ET)
Ally Financial Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 17-Apr 1:43 PM ET)
Notable earnings before Thursday's open
Seeking Alpha News (Wed, 17-Apr 10:52 AM ET)
Ascendion Receives Ally Financial Innovation Award at 2024 Supplier Symposium
PRNewswire (Tue, 16-Apr 11:33 AM ET)
Ally Financial declares $0.30 dividend
Seeking Alpha News (Tue, 16-Apr 9:04 AM ET)
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 April 18, 2024, ALLY stock price climbed to $38.71 with 8,030,503 million shares trading.
ALLY has a beta of 2.13, meaning it tends to be more sensitive to market movements. ALLY has a correlation of 0.41 to the broad based SPY ETF.
ALLY has a market cap of $11.77 billion. This is considered a Large Cap stock.
Last quarter Ally Financial reported $2 billion in Revenue and $.45 earnings per share. This beat revenue expectation by $6 million and met earnings estimates .
In the last 3 years, ALLY stock traded as high as $56.61 and as low as $21.59.
The top ETF exchange traded funds that ALLY belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.
ALLY has outperformed the market in the last year with a price return of +47.3% while the SPY ETF gained +22.3%. ALLY has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.8% and -0.8%, respectively, while the SPY returned +6.1% and -3.8%, respectively.
ALLY support price is $35.41 and resistance is $37.13 (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 stock will trade within this expected range on the day.