|Bid||29.74 x 1200|
|Ask||29.75 x 800|
|Day's Range||29.49 - 30.20|
|52 Week Range||20.60 - 30.20|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||10.08|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.68 (2.51%)|
|1y Target Est||32.84|
Ally Financial Inc.'s retail division is growing rapidly — increasing total deposits by 16% year over year in the first quarter and adding about 120,000 customers.
SANDY, Utah, April 18, 2019 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced a partnership with Better.com – one of the fastest-growing digital mortgage disruptors in the U.S. – to create a new end-to-end digital experience for consumers looking for a mortgage loan from Ally. In addition to the partnership, strategic-investment arm Ally Ventures has announced an add-on investment to Better.com's recent Series C funding, significantly increasing Ally's overall ownership in the company.
On a per-share basis, the Detroit-based company said it had profit of 92 cents. Earnings, adjusted for non-recurring gains, were 80 cents per share. The results exceeded Wall Street expectations. The average ...
CHARLOTTE, N.C. , April 18, 2019 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its first quarter 2019 financial results. View the full press release in PDF . The news release, presentation ...
DETROIT , April 15, 2019 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.17 per share of the company's common stock, payable on May 15, ...
In the latest quarterly investor survey from Ally Invest, the online trading and investing arm of Ally Financial Inc., independent investors expressed a more positive outlook on stocks leading into the second quarter than they did in the first quarter. For Q2, those respondents that described themselves as bullish doubled to 35% as compared to the start of Q1.
Ally Financial (ALLY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Ally Financial (ALLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ally Financial (ALLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Ally Financial Inc NYSE:ALLYView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for ALLY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ALLY. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $337 million over the last one-month into ETFs that hold ALLY are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. ALLY credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Ally Financial (ALLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
With the fourth-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was Ally Financial Inc (NYSE:ALLY). Ally Financial Inc (NYSE:ALLY) shareholders have […]
Ally Financial Inc (NYSE: ALLY ) shares traded higher by 1.3 percent Tuesday after the company announced a much larger than expected $1.25 billion 2019 buyback plan. Ally is not a Category IV bank this ...
Ally Financial (ALLY) announces share repurchases of up to $1.25 billion, starting from the third quarter of 2019 till the second quarter of 2020.
Ally Financial Inc. said late Monday its board authorized up to $1.25 billion in stock repurchases. The online bank said the buybacks will be made from the third quarter of 2019 through the second quarter of 2020. The new authorization adds to Ally's $1 billion buyback plan set to run from the third quarter of 2018 through the second quarter of 2019. Ally shares, which were flat after hours, closed Monday up 3% at $28.32.
DETROIT , April 1, 2019 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that its Board of Directors has authorized the company to repurchase up to $1.25 billion of the company's common ...
Announcement: Moody's announces completion of a periodic review of ratings of Ally Financial Inc. New York, March 28, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ally Financial Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! In December 2018, Ally Financial Inc. (NYSE:ALLY) announced its earnings update. Overall...
Ally Financial (NYSE:ALLY) is cheap. Ally Financial trades at 0.82x book value, suggesting a discount to its net asset base. A 7.2x multiple to 2019 consensus EPS estimates makes ALLY stock cheap on an earnings basis as well.Source: Ally Financial And it's not as if Ally Financial is a declining business on either metric. Adjusted tangible book value per share, according to the company's Q4 earnings release, rose from $28.10 to $29.90 in 2018. Adjusted EPS soared 40% last year as well. Obviously, U.S. tax reform helped profit growth, but even that aside, ALLY earnings are growing nicely.The combination of a growing business and multiples that suggest declines going forward would seem to make ALLY a stock a buy - and maybe a screaming buy. But, as is often the case with 'cheap' stocks, there's a catch. Many stocks in the financial sector have similar profiles (if not quite to the same extent). And most of those plays don't have the same key risk that Ally Financial stock does.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Stocks to Play the CBD Trend The Case for Ally Financial StockThe fundamental case for ALLY is reasonably easy to make. First, ALLY is cheap. The stock trades at a discount to adjusted tangible book value (the sum of its assets less its liabilities).Minor adjustments are made for intangible assets and OIDs (original issue discounts) which reflect the discount to par at which Ally issues bonds. A 1x multiple just to tangible book would suggest 16% upside for Ally Financial stock.Similarly, earnings multiples suggest room for upside as well. Even an 8x multiple to earnings moves ALLY up over 10% - plus a 2.6% dividend. However an investor views Ally Financial, the fundamental case seems reasonably strong. The U.S. Financial SectorAll that said, it's worth pointing out that the valuation assigned Ally Financial stock isn't that out of line in the financial sector. Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM), my two favorite bank stocks, trade at less than 10x forward earnings. BAC stock trades at just 1.14x book value (JPM admittedly is higher on that metric, at about 1.5x.)ALLY is cheaper than those big banks, admittedly. But other lenders have similar profiles. Synchrony Financial (NYSE:SYF) and Capital One Financial (NYSE:COF), too, trade at about 7x earnings. COF actually is a cheaper on a price-to-book value, at 0.75x.Peer valuations don't necessarily negate the bull case for ALLY. There's still potential upside from current multiples in terms of both assets and profits. But it's worth remembering that in year ten of a U.S. economic expansion, financials on the whole are not going to get market-level multiples.ALLY is highly unlikely to trade at 1.5x book or 15x earnings any time soon. And there's a key risk that, at least for some investors, might suggest the current discount even to other "cheap" financials should persist. The Automotive ExposureThere are two reasons that the big worry for ALLY is its heavy automotive exposure. First, Ally could see earnings fall sharply if and when the economy turns and consumers start missing car payments. This is, after all, the former financing arm of General Motors (NYSE:GM), a company that went bankrupt during the financial crisis.The obvious worry is that Ally Financial will struggle more in a recession than a more diversified provider like BofA. That worry (again, in year ten of an economic expansion) is why lenders like ALLY, COF, and SYF are cheaper than most traditional banks.But there's another issue here too. Even without a recession, the concern is that demand is going to slow simply because automotive demand is going to slow. There's a reason stocks like GM and Ford Motor Company (NYSE:F) trade at similarly cheap multiples. That reason is the fear of "peak auto."In that context, ALLY earnings could decline even without macro jitters or consumer weakness. Ally simply is likely to write less auto loans going forward, as cars last longer and urban populations lower demand. Ally has other businesses, but automotive finance drove 83% of pre-tax income in 2018. There's an enormous reliance on what should be a declining automotive financing industry. ALLY Stock Is Cheap for Good ReasonNone of this is to say that ALLY is a short. But there are reasons why the stock is cheap. Financials on the whole are being discounted owing to cyclical fears (one reason the sector pulled back so sharply in December).And a look at auto stocks shows why investors are cautious toward Ally's heavy exposure to that industry.In that context, it's tough to get too excited about ALLY stock. That's particularly true with other financials pulling back yet again on Fed moves this week. Ally Financial stock very well might go up. But if it does, better plays like BAC, JPM - and maybe even F and GM - will do the same.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post There Are Way Better (And Cheaper) Financial Plays Than Ally Stock appeared first on InvestorPlace.