ALLY - Ally Financial Inc.
Chart Events
Slow Stochastic
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 21.21 |
| Open | 23.72 |
| Bid | 23.19 x 1300 |
| Ask | 23.35 x 1300 |
| Day's Range | 22.44 - 24.38 |
| 52 Week Range | 10.22 - 35.42 |
| Volume | 10,455,927 |
| Avg. Volume | 7,555,325 |
| Market Cap | 8.448B |
| Beta (5Y Monthly) | 1.25 |
| PE Ratio (TTM) | 5.62 |
| EPS (TTM) | 4.03 |
| Earnings Date | Jul 16, 2020 - Jul 20, 2020 |
| Forward Dividend & Yield | 0.76 (3.58%) |
| Ex-Dividend Date | Apr 30, 2020 |
| 1y Target Est | 25.47 |
Fair Value
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Here is What Hedge Funds Think About Ally Financial Inc (ALLY)
In this article you are going to find out whether hedge funds think Ally Financial Inc (NYSE:ALLY) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
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Ally Financial (ALLY) Dips More Than Broader Markets: What You Should Know
Ally Financial (ALLY) closed at $18.37 in the latest trading session, marking a -1.24% move from the prior day.
- Benzinga
Ally Should Recover With Broader Economy, Morgan Stanley Says In Upgrade Note
Ally Financial Inc (NYSE: ALLY) will benefit from an economic recovery, as it will create more jobs and therefore spur more driving and higher auto sales, according to Morgan Stanley. The Ally Analyst Betsy Graseck upgraded Ally Financial from Equal-weight to Overweight and raised the price target from $23 to $26.The Ally Thesis With the economy reopening, the unemployment rate is likely to peak at 17% in May and then decline to 10.7% in September and to 9% in December, which improves the outlook for a bottom in consumer credit, Graseck said in the Thursday upgrade note. (See her track record here.)Fiscal stimulus has driven personal savings rate to 13.1%, lowering consumer loan losses, the analyst said. As driving trends resurge, there will be an increase in vehicle demand, she saidThe pandemic is trigerring a shift from public transit to self-owned vehicles, Graseck said.Both trends support the outlook for used car prices, the analyst said. Commentary from auto dealers and lenders suggests "auto sales are bouncing firmly off the bottom," which improves the outlook for loan growth, she said. The analyst further wrote that Ally's shares are pricing in much higher losses than expected, offering "an entry point for a stock that has been cut in half since the February announcement of the CardWorks acquisition and economic lockdown."ALLY Price Action Shares of Ally Financial were down 0.38% at $18.53 at the time of publication Thursday.Related Links: June Market Outlook: Big Test Looms In New Month As States Navigate ReopeningsCramer Says Getting Over Coronavirus Crisis 'Not Enough' To Lift The EconomyBenzinga file photo by Dustin Blitchok. Latest Ratings for ALLY DateFirmActionFromTo May 2020Morgan StanleyUpgradesEqual-WeightOverweight May 2020Piper SandlerMaintainsOverweight May 2020BMO CapitalUpgradesMarket PerformOutperform View More Analyst Ratings for ALLY View the Latest Analyst Ratings See more from Benzinga * KeyBanc Upgrades Qualcomm On Potential Benefit From HiSilicon Ban * BofA Raises Micron's Price Target Following Upbeat Guidance Update * Endava Is A Fintech Enabler, Wedbush Says In Bullish Initiation(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- PR Newswire
Ally: Caring for Communities During COVID-19 Crisis
Consistent with its mission to be a true ally to its communities, Ally Financial (NYSE: ALLY) has awarded more than $1.8 million in its first round of grants to help them withstand the COVID-19 health crisis. Ally employees are also making donations matched by the company and volunteering virtually to assist nonprofits across the country.
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Ally Financial (ALLY) Stock Sinks As Market Gains: What You Should Know
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Ally Financial to Present at Morgan Stanley Virtual US Financials Conference
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Ally Financial (ALLY) Up 12.6% Since Last Earnings Report: Can It Continue?
Ally Financial (ALLY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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Ally Racing honors military with new paint scheme, USO donation
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- Bloomberg
Goldman Sounds the Death Knell for High-Yield Savings Accounts
(Bloomberg Opinion) -- Goodbye, high-yield savings accounts. We hardly knew you.For years, the oxymoronic products were a resounding success for both consumers and financial institutions alike. After getting almost zero interest from big U.S. banks, individuals who parked their excess cash with the likes of Ally Financial Inc., Barclays Plc, Goldman Sachs Group Inc.’s consumer bank, Marcus, or HSBC Holdings Plc’s HSBC Direct were suddenly bringing in a comparatively bountiful 2% or more around this time last year. At that point, the Federal Reserve had raised its short-term interest rate for what would be the final time this cycle in December 2018. The rest is history. First, the Fed felt compelled to lower interest rates three times from July through October to offset the economic impacts from the Trump administration’s trade wars. That, as I noted in an October column, brought prevailing high-yield savings rates dangerously close to the fed funds rate. And yet, in early 2020, Marcus users could still lock in that 2% magic number by opting for a no-penalty certificate of deposit.Then the coronavirus happened. This chart says it all: As it’s plain to see, there’s now a chasm between the fed funds rate and the going rates on some top high-yield savings accounts. The banks have so far moved lower gradually, likely to avoid sticker shock that would cause their customers to take their deposits elsewhere. But even with online banking’s cost-saving advantages over more typical brick-and-mortar institutions, they can’t defy gravity forever. Eventually, rates will have to head closer to the zero lower bound. These savings accounts will still hang around but will hardly seem to fit the moniker of “high yield.”Marcus announced the cut to its savings rate on May 8 with this message:“Effective today, the rate on our Marcus high-yield Online Savings Account has been adjusted down to 1.30% from 1.55% APY. We understand that this isn’t welcome news. During this unprecedented time, please know that the rate on our Marcus Online Savings Account remains highly competitive with an APY that’s still 4X the national average. You can rest assured that we continue our commitment to providing value and helping your money grow.”“For a guaranteed return, consider adding a fixed-rate No-Penalty CD. You’ll earn a high-yield rate with the flexibility to withdraw you balance beginning 7 days after funding. Our 7-month No-Penalty CD currently earns 1.55%.”The marketing is top-notch. First, it’s transparent about being bad news, but then quickly pivots to play up that Marcus still provides comparatively more interest than accounts at Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. The announcement also wastes no time suggesting a no-penalty CD to make up for the lost interest (and, in a benefit to Goldman, create a “stickier” deposit). Marcus is a relatively new venture for Goldman, and it seems reasonable to assume the investment bank will operate it with Chief Executive Officer David Solomon’s “evolutionary path” in mind. Goldman is looking to diversify away from historically volatile trading revenue, much like its Wall Street rival Morgan Stanley. If it means running Marcus with tight margins to keep customers in the fold, so be it.A bank like Ally, on the other hand, may have less flexibility. Heading into this year, it was fresh off of an upgrade by S&P Global Ratings to BBB-, one step above junk. That upswing didn’t last long; it was one of 13 banks that S&P put on negative outlook earlier this month. Analysts said it “could be more sensitive to the economic fallout from the Covid-19 pandemic than the average U.S. bank. We attribute this sensitivity to Ally's sizable concentration in auto lending that may face heightened risk of financial distress in the current economic environment.” Also a risk: “Ultra-low interest rates will weigh on net interest income,” which accounts for more than 70% of Ally’s net revenue.Ally, for its part, also knows how to sell itself. “People don’t want to hear messages that are depressing and that add to their anxiety,” Andrea Brimmer, chief marketing officer at Ally, told the Financial Brand in an article published last week. “They want to hear optimism and they want to hear about purposeful ideas that make them feel like the world is going to kind of get back to normal.” The theme of a campaign promoting its savings options: “Is your money not sure what to do with itself?”Whether Ally, Barclays, Marcus or HSBC are the answer to that is an open question. As it stands, these interest rates barely cover the market-implied inflation rate over the next 10 years. That’s somewhat by design, of course — the Fed cuts rates in part to encourage borrowing and purchases of riskier assets, both of which boost the economy more than parking cash in a high-yield savings account. Stocks, however, seem increasingly detached from the current economic reality. In that sense, Ally’s focus on being unsure might resonate with individual investors.Future interest rates on high-yield savings accounts are on equally shaky ground. While there’s not much in the way of precedent, it’s safe to say they’ll continue to offer more than the rock-bottom rates on money-market funds. Banks will probably do whatever they can to delay going below 1%, a round number that could be the last straw for some individuals. Other than those parameters, though, anything is possible; such is life at the zero lower bound.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Investopedia
Online Brokers See Record Activity Through Volatility
A volatile stock market, stay-at-home restrictions, and some spare time have added up to a trading boom for online brokers. Retail investors, encouraged by commission-free equity trading, are closely monitoring everything that affects their portfolios. The markets swing from all-time highs to bear territory, then back again following aggressive activity by the Federal Reserve, then down again when the Fed indicates it's pulling back.
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Ally Financial Ratings Affirmed by Moody's, Outlook Stable
Moody's affirms the ratings of Ally Financial (ALLY). The company's outlook remains stable.
- Moody's
GMAC Capital Trust I -- Moody's affirms Ally Financial's ratings (Ba1 long-term senior unsecured), outlook remains stable
Moody's Investors Service ("Moody's") has affirmed the Ba1 senior long-term unsecured rating of Ally Financial Inc. All other long-term ratings of Ally Financial and GMAC Capital Trust I were also affirmed. The rapidly deteriorating economic environment in the US will result in a material weakening of the bank's asset quality and in turn profitability.
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The Coronavirus Crisis Is a Reason to Save. Here’s Where Investors Can Put Their Cash.
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The Zacks Analyst Blog Highlights: Ally Financial, Capital One, East West Bancorp, New York Community and Synovus Financial
The Zacks Analyst Blog Highlights: Ally Financial, Capital One, East West Bancorp, New York Community and Synovus Financial
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Edited Transcript of ALLY earnings conference call or presentation 20-Apr-20 1:00pm GMT
Q1 2020 Ally Financial Inc Earnings Call
